FX.co ★ Trump’s rhetoric sparks decline in US dollar

According to experts, the US dollar fell significantly against other major currencies. This was caused by the statements of US President Donald Trump about the strong dollar.

The US dollar index, a trade-weighted average value of the US dollar against major currencies, has changed slightly. It reached 94.31. Earlier, the dollar index fell to the level of 93.98, which is the lowest since July 11, 2018.

On the global market, there was a slight drop in the value of US Treasuries. This triggered an increase in the yield on the 10-year Treasury note to 2.88%. The 2-Year bond yield was close to 2.59%.

Investor sentiment was described by experts as unstable. This was due to Trump’s criticism of the Fed’s monetary policy. The US president said that the regulator's plans for raising interest rates undermine his efforts to strengthen the US economy. Donald Trump is not satisfied with the strong dollar. Trump also accused China and the EU of manipulating their exchange rates, which gives them an advantage over the United States.