US dollar resumes weakening vs euro

Posted 26 January, 2018

During the Asian session, the US dollar-to-euro has reportedly resumed sliding after some rebound driven by the message of the US President Donald Trump.

By Friday morning euro gained some $1.2436 ($1.2396 a day before). Yesterday the greenback strengthened 0.1% vs the euro.

Index ICE (US dollar dynamics vs 6 majors) dropped to the bottom since December 2014 on Thursday, while today the rate falls 0.3%.

Yesterday US President Donald Trump expressed expectations of the greenback upturn. As he commented to information agency in Davos, the US dollar is to gain grounds and must become strong currency eventually.

As it was reported, the US Finance Minister said that he was not concerned about the dollar plunge earlier this week citing support to US economy vis better foreign trade. As a result, this statement drove US dollar down.

Today the spotlight in the Davos-based economic forum will be Donald Trump's speech.

The US dollar to Japanese yen was steady at 102.29 (109.41 earlier); the EUR-JPY pair was at 135.91 (135.64).

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