{"id":5894,"date":"2018-03-19T16:30:26","date_gmt":"2018-03-19T16:30:26","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=5894"},"modified":"2018-03-19T16:01:38","modified_gmt":"2018-03-19T16:01:38","slug":"the-dollar-remains-volatile-on-us-political-uncertainty","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/the-dollar-remains-volatile-on-us-political-uncertainty\/","title":{"rendered":"The Dollar remains Volatile on US Political Uncertainty"},"content":{"rendered":"

\"\"The dollar was volatile last week as it gained ground against most of its G20 trading partners<\/a>, but was lower against the yen. \u00a0The U.S. dollar was buoyed by solid economic data as well as trader expectations that the Federal Reserve Bank Reserve<\/strong> will raise interest rates at next week’s monetary policy meeting.<\/p>\n

Omer Esiner<\/strong>, the chief market analyst for Commonwealth Foreign Exchange said in an interview with Reuters News<\/a>, The dollar rose against most currencies on Friday, bolstered by solid U.S. economic data that further supported consensus expectations that the Federal Reserve will raise interest rates at next week’s monetary policy meeting.<\/p>\n

The gains in the dollar were a positive reaction to the data. Reports show that the dollar’s fundamental backdrop remains strong.<\/p><\/blockquote>\n

In economic news, industrial production in the United States, surged higher for the month of February. This data saw a boost from strong rises in output at factories and mines. The U.S. consumer sentiment survey, issued by the University of Michigan<\/strong>, showed a rise for the month of March.<\/p>\n

Still, the almighty dollar, hit a better than one week low against the Japanese yen. The weakness of the dollar was fueled by expectations that Trump administration officials could still be replaced. There are rising concerns that new trade tariffs, imposes by the Trump White House, could hurt the global economy.<\/p>\n

U.S. Political Uncertainty Fuels Trader Fears<\/h2>\n

These political uncertainties surrounding the United States over the last week or so, has pushed the venerable U.S. currency lower. The yen, as a safe haven in the Forex Universe has been a main beneficiary to the chagrin of local equities on the Nikkei 225.<\/p>\n

In other news surrounding the White House, according to the Washington Post<\/strong>, President Donald Trump has decided to fire his national security adviser<\/a>, H.R. McMaster<\/strong>. In other news, in the New York Times<\/strong>, Special Counsel\u00a0Robert Mueller<\/strong>\u00a0has now issued a subpoena for documents related to Trump’s businesses<\/a>. These include some business dealings with businesses in Russia.<\/p>\n

Earlier in the week, the dollar was rocked after President Trump, via a tweet, fired his Secretary of State\u00a0Rex Tillerson<\/strong>. Investors are growing more and more nervous about the direction of U.S. policy. Especially as key op staffers are leaving their posts.<\/p>\n

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Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job! Thank you to Rex Tillerson for his service! Gina Haspel will become the new Director of the CIA, and the first woman so chosen. Congratulations to all!<\/p>\n

— Donald J. Trump (@realDonaldTrump) 13 March 2018<\/a><\/p><\/blockquote>\n