Sunday 12 February 2017

The dollar rose to 2-week high (Part 1)

The dollar rose to a 2-week high against other major currencies against the background of recent statements by US President Donald Trump.
EUR/USD is down by 0.28% from 1.0707, updating 2-week low at 1.0629.
The dollar strengthened after the announcement of the president of the USA Donald Trump on Thursday that after a few weeks, he is going to reveal the plan for the most ambitious tax reform since the Reagan era.
Euro remains under pressure due to the fact that the results of the upcoming elections in France can become as shocking as the UK out of the EU or a victory of Trump.
A cause for concern in the euro zone can also become the upcoming elections in the Netherlands, Germany and possibly Italy and the conflict over financial aid to Greece.



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