U.S. Dollar Falls as Trump Attacks Fed
Wednesday, 7 August 2019 23:45 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The U.S. dollar dove on Wednesday before recovering slightly after U.S. president Donald Trump reiterated his accusations that the Federal Reserve is not cutting rates fast enough.

The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, fell 0.1% to 97.335 by 10:51 AM ET (14:51 GMT), after reaching a one-day low of 97.178.

New Zealand's central bank unexpectedly cut its benchmark policy rate to an all-time low, while the central banks of India and Thailand also cut rates due to slowing economic growth.

Trump tweeted that the Fed needs to œcut rates bigger and faster, and that "our problem" was not China, but the U.S. central bank.

Source : Investing.com

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