Dollar weakening and Euro strengthening
The situation on the market today:
While the political uncertainty is growing in the United States and the probability of Trump reforms is decreasing, the Euro is rapidly growing stronger. The dollar index hovered at a minimum of 13 months against the basket of major currencies.
The resignation of the White House press secretary Sean Spicer was another push to the instability of Trump’s policy.
The dollar index remained almost unchanged today, trading at 93.79, after a decline to 93.824.
The euro stabilized at $1.1650. The euro strengthened after the speech of Mario Draghi, which increased the likelihood of the regulator’s soon departure from ultra-soft policy.
USD/JPY traded at the level of 110.74.
The investors are expecting an early fall of JPY. This is due to the fact that the Japanese Bank does not go in the direction of optimizing the policy, in contrast to other major banks.
Created by Joshua Hayn