The US dollar has resumed downward movement on Friday driven by the recent staff changes by US President Donald Trump, a confriming existing disorder in the Trump administration.
Earlier this week the American currency felt pressure from the firing the US State Secretary Rex Tillerson, replaced by ex-CIA Chief, Mike Pompeo.
This time, Donald Trump considers dismissal of his national security adviser H. McMaster, according to the Washington Post.
The market has already been concerned about the possible start of trade wars, whereas US President added insult to injury after expressing intentions to launch tariffs on Chinese imports worth up to $60 billion.
However, insiders are now focused on the Federal Reserve meeting slated for March 20, as it may result in the first in 2018 upward revision of the interest rate.
On Friday, the US Dollar index dropped to some 90.02 (0.13% down d-o-d) on persisting trade war fears on rising protectionism by the USA.
The US dollar weakened to Japanese yen coming to 105.91 this morning. The greenback has lost some 0.5% vs the yen since the start of the week
At the same time, the European currency and sterling rebounded vs the US dollar – 1.2319 (0.11% up) and 1.3947 (0.08% up) respectively. Australian dollar showed no strong staying at some 0.7801, while its New Zealand counterpart decreased somewhat to 0.7253.