Day: August 3, 2019

US Dollar Mixed After Fed Cut, Escalation of Tensions Between US & China

It was expected that the monetary policy decision of the Federal Reserve would be the major event this week. While the Fed had indeed a big impact on markets, ultimately it was overshadowed by new developments in the US-China trade conflict. The resulting risk aversion allowed the US dollar to rise against riskier commodity currencies but drove the greenback down versus safer currencies. The Fed cut interest rates by 25 basis […]