Wednesday, 22 May 2019
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Dollar Lower on Trump Tirades, Risk-Friendly Backdrop

The dollar was slightly lower in early trading in Europe Monday, as risk assets around the world benefit from last week™s events that included an encouraging start to earnings season in the U.S. and further signs that the Chinese economy is regaining momentum.

At 04:00 AM ET (0800 GMT), the euro was up 0.1% from late Friday in Europe at $1.1315, while the British pound was also a fraction higher at $1.3085 but still hamstrung by the continued political deadlock over Brexit.

The dollar index, which measures the greenback against a basket of six major currencies, was at 96.480, down 0.1%.

The dollar came under attack again from the White House at the weekend, as President Donald Trump renewed his attacks on the Federal Reserve via Twitter, blaming it for slowing growth and damping stock prices by tightening monetary policy.

Source : Investing.com

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