Forex

Dollar rises slightly, recovers earlier losses

2019-08-19 18:52:11 GMT (Economies.com)

US dollar rose today, recovering some of last week's losses amid a surge in global markets.

 

Trump said that the US economy is in a good shape, and added that the trade talks with China are going very well, after his decision last week to delay the tariffs increase on several Chinese imports until mid-December.

 

The Federal Reserve will release its latest meeting's minutes next Wednesday, which will reveal the bank's members discussions that have resulted in an interest rate cut for the first time in more than a decade.

 

Trump called on the US Fed to cut rates at least by 1% and the possibility of preparing a quantitative easing program.

 

By 18:20 GMT, dollar index rose against a basket of currencies by 0.2% to 98.2 points, with a high of 98.2 and a low of 98.

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