Currency – The us dollar declined against its rivals


© Reuters. The dollar declined against its rivals

Investing.com – The us dollar remains lower against other major currencies Wednesday, the end of the shutdown of the u.s. government has not given much impetus to the greenback and concerns about the protectionist policies of the president, Donald Trump weighing in heavily.

Investors remain cautious after the officials of the White House have said that president Trump planned to use his speech at the world economic Forum in Davos on Friday to underline his policy of ” America first “.

These policies include a potential deletion of the free trade agreement the north american and denying the global agreement on climate change.

The dollar was only briefly rebounded after the Congress had approved on Monday a measure to fund the government for about three weeks and the president, Donald Trump has signed the bill, putting an end to the closure of the government for three days.

The index dollar, which measures the greenback’s strength against a basket of currencies, gave up 0.59% 89.35 at 08:05 a. m. AND (12:05 GMT).

The euro has been strongly supported this year by a growing optimism, the european central Bank will signal an output faster than expected from its stimulus program.

The EUR / USD ahead of 0.43% to a new peak of three years of 1,2351.

The pound sterling has also been stronger, with an increase of 1.15% +1.15% at a new all-time high of 19 months 1,4164 after the publication of official data Wednesday indicating that the employment-british remains at a low of 42 years in November, as expected, while wage inflation excluding bonuses has increased unexpectedly.

On a less positive note, the data also showed that the number of asylum seekers in the Uk has increased from 8 600 in December, disappointing expectations for a gain of 5 400 persons.

The book has been strongly supported in recent sessions by the optimism surrounding discussions on the Brexit.

The yen and the swiss franc are progressing, with the USD / JPY down 0.81% to 109,44 and with USD / CHF down 0.76% to 0,9503.

Moreover, the dollars of australia and new zealand were also higher, with an increase of 0.92% to 0,8074 and NZD / USD gaining 0.73% to 0,7411.

During this time, the USD / CAD has dropped from 0.72% to stand at 1.2330.

Leave a Reply

^ To Top