In any case, the tailwind that the dollar had since December has officially switched sides. The greenback felt like it had the Trump card, literally speaking, in the game coming into the turn of the year. But did it really?
He wants a weaker dollar, or so he said last year. As mentioned in the linked post, the only realistic option for that is to pressure the Fed into cutting rates quicker. And that looks to be precisely what we're seeing from the man now.
proclaims to "know interest rates better than the Fed" and wants rates to be cut "immediately".
But for the time being at least, it looks like the dollar just got Trump-ed to start the new year. With tariff fears abating, the emphasis will switch back towards inflation and labour market data to see how things progress from here.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( The dollar has lost its Trump card )
Also on site :
- Surging travel in Europe spikes concerns over tourism's drawbacks
- PRT vs PCC Dream11 Prediction Today Match, Dream11 Team Today, Fantasy Cricket Tips, Playing XI, Pitch Report, Injury Update- ECS T10 Czechia Premier 2025, Qualifier 1
- Iran threatens US bases in Middle East, asserts nuclear facilities undamaged