Similarly,
Dollar lowest since 2022, fears:
Around 9:15 p.m., the dollar dropped 0.41% against the European single currency at 1.1708 dollars for one euro, and lost 0.50% against the British currency, at 1.3733 dollars. Furthermore,
The dollar slides clearly Thursday. In addition, undermined by the acerbic remarks of Donald Trump against the boss of the Fed, whose successor he could designate in the fall, according to the Wall Street Journal, fueling doubts about the independence of the institution.
According to the dollar index. For example, which compares the American motto to a basket of other large currencies, the greenback fell Thursday at the start of the session at a lower low since March 2022, at 96.997 points.
Around 7:15 p.m. Meanwhile, GMT, the dollar released 0.41% against the European single currency, at 1.1708 dollars for one euro, and lost 0.50% against the British currency, at 1.3733 dollars.
dollar lowest since 2022, fears
“The main engine” of the fall of the day “came. as the traders expected, President Donald Trump”, note the analysts of Monex USA.
The tenant of the White House explained to the press on Wednesday. after a NATO summit, which he envisaged “three or four people” to succeed the president of the American central bank Jerome Powell, against which he has multiplied the attacks for months, having him to lower interest rates.
Despite these threats, the Federal Reserve (Fed) has maintained its unchanged rates since the start of the year.
“Fortunately he leaves his post fairly quickly. because I find him terrible,” said Donald Trump about Jerome Powell, calling him “mentally average”, with “a weak Qi”.
Jerome Powell has to complete his mandate in May 2026. But the Wall Street Journal reported that Donald Trump was planning to designate his successor in September. October this year.
According to the economic dollar lowest since 2022, fears daily. candidates for the post include the US secretary to the Treasury Scott Bessent, the main economic adviser to President Kevin Hassett or the former governor of Fed Kevin Warsh.
The appointment of the next president of the Fed is “not imminent”, however tempered the White House on Thursday.
“It is likely that the successor designated by Trump would be much more +Dovish +”. that is to say in favor of a non-restrictive monetary policy, believe the analysts of Monex USA.
According to them. “this radically changed monetary policy prospects for the United States and, in all likelihood, could exacerbate the significant fall in the dollar during this year’s second half of this year.”
According to Stephen Innes. analyst at SPI AM, just by designating a replacement, Donald Trump would set up “a + ghost president + of the Fed, put pressure on the orientations of monetary policy of the dollar lowest since 2022, fears months before” the departure of Jerome Powell.
Dollar lowest since 2022, fears
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