U.S. Dollar Falls After Trump's Remarks
2017年8月23日 - 1:53PM
RTTF2
The U.S. dollar dropped against its most major counterparts in
the early European session on Wednesday, after the U.S. President
Donald Trump threatened to shutdown federal government unless the
Congress funds money to build a border wall with Mexico and also
hinted at the possible termination of the NAFTA deal.
Speaking at a rally in Phoenix, Arizona, Trump told that
Congress should fund money to build a wall along the border with
Mexico to prevent illegal migration.
"If we have to close down the government, we are building that
wall," he said.
"One way or the other, we're going to get that wall."
The President also warned about the termination of NAFTA trade
deal with Canada and Mexico, if the U.S. is "unable to make a fair
deal."
Trump has sought the approval of $1.6 billion in federal funding
for the wall, but it faces stiff opposition from the Democrats.
The greenback showed mixed performance in the Asian session.
While the currency held steady against the euro and the pound, it
dropped against the yen and the franc.
The greenback edged down to 109.33 against the yen, from a 6-day
high of 109.83 hit at 8:00 pm ET. Continuation of the greenback's
downtrend may see it challenging support around the 108.00
region.
The latest survey from Nikkei showed that Japan manufacturing
sector continued to expand in August, and at a faster pace, with a
Manufacturing PMI score of 52.8.
That's up from 52.1 in July, and it moves farther above the
boom-or-bust line of 50 that separates expansion from
contraction.
The greenback retreated to 0.9674 against the Swiss franc, after
having advanced to a 6-day high of 0.9698 at 9:00 pm ET. If the
greenback-franc pair extends weakness, it may challenge support
around the 0.94 area.
The greenback reversed from an early 2-day high of 1.1740
against the euro, dropping to 1.1792. On the downside, 1.19 is
likely seen as the next support level for the greenback.
Flash survey data from IHS Markit showed that Eurozone private
sector activity maintained strong growth momentum in August,
underpinned by strong expansion in the manufacturing output.
The flash composite output index rose slightly to 55.8 in August
from 55.7 in July. Meanwhile, economists had expected the index to
fall to 55.4.
On the flip side, the greenback advanced to near a 2-month high
of 1.2796 against the pound, off its early low of 1.2834. The
greenback is poised to find resistance around the 1.26 mark.
Looking ahead, U.S. Markit's PMI reports for August, U.S. new
home sales data for July, Eurozone consumer confidence index for
August and U.S. weekly crude oil inventories data are slated for
release in the New York session.
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