Forex or The foreign exchange market is very very large financial market in the world, with a daily turnover of over $5 trillion. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex trading refer to the art of buying or selling currency for profit.

Author Topic: Dollar narrowed After "Trump" pressures "Powell" cut interest rates  (Read 1314 times)

Tony

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The dollar has narrowed within the range of 108 yen by investors looking at President Donald. Trump invited Federal Reserve Chairman Jerome Powell (Fed) to meet at the White House yesterday. It pressured the Fed to cut interest rates at 20.20 hrs, according to Thai time. The dollar edged up 0.06% to 108.73 yen, while the euro rose 0.12% to 120.44 yen and rebounded 0.06% to 1.1077 dollars. dollar Which is an index of dollar movements against the 6 major currencies in the basket of money, plus 0.01% to 97.80 levels. Trump tweeted yesterday's message saying he had discussed with Powell about the use of negative interest rate policies. While the interest rate of the United States is still too high when compared to competitors.



 

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