Similarly,
Dollar hesitates, franc remains affected:
Around 11:40 am, the American currency advanced 0.09% compared to the euro, to 1.1576 dollars, and fell 0.20% against the British pound, to 1.3306 dollars. Moreover,
The dollar lurks on Monday. Moreover, after having unscrewed at the end of the week in response to the degradation of the American job market, while the franc is suffering from customs surcharges which is due to come into force on Thursday.
Around 11:40 am, the American currency advanced 0.09% compared to the euro, to 1.1576 dollars, and fell 0.20% against the British pound, to 1.3306 dollars.
Friday. Furthermore, the monthly report of the Ministry of Labor showed that fewer jobs were created in the United States in July, but also in previous months, leaping the probability of a drop in rate in September.
But the members of the Federal Reserve (Fed) recently “rejected the dollar hesitates, franc remains affected idea that” such a drop “was acquired”. tempers Derek Halpenny, from MUFG.
After the start of the year in sharp decline (-10.7% over the first six months of the year), the American currency rose approximately 3.3% in July, according to the Dollar Index, which compares it to a basket of other large currencies.
Mr. Halpenny underlines that “one of the consequences of the poor data of Friday is the possibility” that the dollar can again react “negatively” to the new customs announcements. to which he had for some time immune.
Donald Trump’s threats to Fed’s independence are one more shadow on the board for the dollar.
The Republican President asked Friday the referral of the head of the main agency of economic statistics in the United States. accusing him of manipulating employment figures for political purposes, which surprised certain economists.
On the same day, one of the Fed governors, Adriana dollar hesitates, franc remains affected Kugler, announced her resignation, a few months before her mandate.
His successor. who must be appointed by Donald Trump, could ultimately replace the president of the Fed Jerome Powell when he will leave his post next May, and will probably be “more inclined to acquiesce the drops in drop in President Trump,” said Kathleen Brooks, of XTB.
The franc still accuses the blow of the exorbitant customs duties of 39% aimed at Swiss imports to the United States. announced by Donald Trump on August 1.
The Swiss currency fell on Monday from 0.53%on Monday, to 0.8083 Swiss francs for a dollar.
Analysts also expect the Bank of England very largely to lower its key rate of a quarter of a percentage point on Thursday. to bring it back to 4%.
Dollar hesitates, franc remains affected
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