Pressing Dollar Japanese Yen exchange rate US In Forex Trading

Equityworld Futures - Ending the forex trading late last week, the US dollar strengthened against several rivals in the European region but a strong hit by a save haven asset by market doubts would be tax reform and accelerating spending under President Donald Trump.

Safe-haven assets in the forex market is the Japanese yen exchange rate managed to push the US dollar down to lows of more than 2 weeks.

Sentiment above also makes the market skeptical of the Fed's plan to raise interest rates a planned three times in 2017. Previous US Treasury Secretary Steven Mnuchin interviewed one of the local media and for an increase in the US dollar showed kepercayaaan on the US economy.

And for tax reform policy will be issued before August by not providing details about the policy.

Against other major rivals, the US dollar managed to push the euro, sterling, swissfranc for the second straight day by weak fundamentals such rivallnya amplifier.

As France's political problems are pressing the European currency as well as the drop in crude oil prices depress commodity exchange. Pressure from the US dollar last week is long enough until 3 consecutive days.

The dollar index which shows the strength of the US dollar against many of its main rivals at the end of last week bullish forex trading at 101.14 and had reached highs in the lows at 101.14 and 101.04. For the week the US dollar managed to score gains after the previous week's drop of thin.


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