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Day: August 21, 2018
August 212018
US Dollar Plunges As Trump âNot Thrilledâ Over Fed Rate Hikes
The US dollar is tumbling on Tuesday after President Donald Trump slammed the Federal Reserve for raising interest rates. Despite criticizing the US central bank on the 2016 campaign trail for keeping rates too low, the president believes that the Fed is not cooperating with his administration to spur growth. These remarks did not help the greenback as the currency suffered one of its biggest single-session losses of the year against a basket […]
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August 212018
Pound Rallies on Trumpâs Fed Criticism Ahead of Brexit Talks
The British pound today extended yesterday’s rally against the US dollar following President Trump’s criticism of the Fed’s interest rate hikes. The GBP/USD currency pair shrugged off concerns regarding the possibility of a no-deal Brexit even as the EU’s chief negotiator and the UK’s Brexit minister are set to meet later today. The GBP/USD currency pair today rallied from an initial low of 1.2798 to a high of 1.2846 and was trading sideways at the time of writing. […]
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August 212018
Australian Dollar Mixed After RBA Minutes, Governor Comments
The Australian dollar was mixed today after the Reserve Bank released minutes of its August policy meeting, which did not provide many new insights into the central bank’s plans. The RBA released today minutes of the meeting that happened two weeks ago. Among interesting details in the notes analysts pointed out the mention of the El Nino event: Members noted that the probability of an El Niño event, which would […]
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