The US dollar reached a one-month low against a basket of currencies on Friday following President Donald Trump's statements advocating for lower interest rates and a potential easing of tariffs on China. Trump's comments, coupled with the delayed implementation of anticipated tariffs, have fueled investor confidence in other currencies, particularly the euro and British pound.
The dollar fell to a one-month low against a basket of currencies on Friday after US President Donald Trump called for interest rates to fall and suggested a potentially softer stance on tariffs against China .The dollar fell to a one-month low against a basket of currencies on Friday after US President Donald Trump called for interest rates to fall and suggested a potentially softer stance on tariffs against China .
The euro, which has fallen sharply in recent months, jumped 0.8 per cent to $1.05 while sterling gained 0.7 per cent at $1.243. “The pressure is going to be huge on the Fed,” said Olivier De Larouzière, chief investment officer for global fixed income at BNP Paribas Asset Management.
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