During yesterday's speech Donald Trump criticized the Fed's policy and the steps taken by Jerome Powell, accusing them of not allowing the rate of economic growth to accelerate by raising interest rates, which in turn strengthens the dollar. Also, Trump repeated that he needed a weak dollar to increase imports.
Tomorrow, the minutes of the Fed meeting will be published, which are closely followed by investors.
After the statements of the head of the White House, the reserve currency rate has eased and the dollar index has now dropped to the level of 95.39, despite the fact that the FRS is independent of the President's office.
It is predicted that the Fed will raise interest rates twice more this year against the President's wishes.
Also, in view of the rapid resumption of trade negotiations between China and the United States, the reserve currency rate moved away from the highs.
