Monday, March 20, 2017

The dollar exchange rate fell for the fourth consecutive day, 20 MARCH

20-03-2017 05:23 PM

The dollar fell for a fourth straight day against a basket of currencies used to measure its strength on a larger scale on Monday in reaction to the meeting of the Group of Twenty summit, which was dominated by the tendency of US President Donald Trump's administration towards commercial protection.

The decline in the dollar since the lifting of the Federal Reserve [Fed] interest rates on Wednesday, but did not reach limit expected to accelerate the pace of monetary tightening policy over the next two years.

For money markets, the Group of Twenty meeting was a new opportunity to express their concerns about global trade relations of the United States, and by extension, the White House concern of the rising value of the dollar.

The dollar index fell as much as 0.3 percent in Asian trading and European transactions early and then recovered a bit to reduce the losses to 0.1 percent to 100.19.

The dollar was steady against the Japanese currency at 122.74 yen and the euro lost 0.2 percent to $ 1.0761.


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