Currency – The dollar continues to fall on the turnover in the White House


© Reuters. The dollar continues to fall on the turnover in the White House

Investing.com – The u.s. dollar continued to decline against the other major currencies on Friday, moving away from its highest in a week as news of staff changes at the White House have raised new concerns about the country’s political turmoil in the us.

The greenback weakened after the Washington Post announced Thursday that the u.s. president Donald Trump had decided to replace his national security adviser, H. R. McMaster.

The markets were already nervous following the president’s decision Tuesday to dismiss the secretary of State Rex Tillerson.

Fuelling concerns over the u.s. policy, the fears of trade wars have been revived after that Donald Trump has announced plans this week to impose taxes on chinese imports of $ 60 billion, specifically targeting the sectors of technology and telecommunications.

The dollar index, which measures the greenback’s strength against a weighted basket of exchange of six major currencies, was down 0.13% to 90,02 at 6.10 a.m. ET (10: 10 GMT), since 90,17.

The euro and the pound remained higher, with EUR / USD rising 0.13% to 1,2320 and with GBP / USD rising 0.22% to 1,3967.

Earlier Friday, Eurostat reported that the index of consumer prices of the euro area had increased by 1.1% in February compared to the same month of the previous year. Economists expected an annual increase in inflation of 1.2%.

The european central Bank targets an overall rate of inflation close to but just below 2%.

The yen and the swiss franc is progressing, with the USD / JPY falling 0.62 per cent us $ 105.67 and with USD / CHF losing 0.22 per cent to trade at 0,9493.

Moreover, the dollars of australia and new zealand were in decline, with the AUD/USD down 0.18% to 0,7785 and NZD / USD down 0.38% to 0,7248.

At the same time, the USD / CAD rose 0.17% to settle at 1,3075.

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