Sunday 26 February 2017

Dollar: the announcement of the events for February 27 - March 3 (1)

On Friday, the dollar rose against the basket of other major currencies despite weak sales data for the US homes. Investors expect the US president's speech.
The US Dollar Index, which shows the value of the dollar to a trade-weighted basket of six major currencies, by the end of the trading session rose by 0.17% to 100.12. For the week, it rose by 0.14%.
On Thursday, US Treasury Secretary Steven Mnuchin said that he would like to hold a large-scale tax reform through Congress before the holidays in August, but there is still a lot of work.
According to published on Wednesday minutes of the last FOMC Committee meeting, the Fed's management considers pretty soon to raise interest rates if the economy will develop in line with expectations.
However, the published protocol also listed the Fed's uncertainty about future economic policies of Trump and pointed to the risk of strengthening of the dollar.


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