Less than a week has passed since the New York Times reported about the Comey memo, a report that sent EUR/USD higher. The former FBI Director noted Trump’s request to “let Flynn go”, an intervention into the FBI’s investigation against Trump’s first pick as the National Security Adviser. And now, the Washington Post, the NYT’s big rival, brings a new scoop. According to the report, President Trump asked the Director of National Intelligence Daniel Coats and Michael Rogers, the Director of the National Security Agency to deny the existence of any kind of evidence of collusion between the Trump campaign and the Russians. Both deemed the requests inappropriate and rejected the requests. The WP has various sources in the current and previous administrations. It is hard to know if Trump didn’t understand his moves were inappropriate or just did not care. In any case, while Trump continues his trip abroad, the trouble continues chasing him. Robert Mueller, the special counsel, is investigating, and so is the Senate. The Senate committee asked Michael Flynn for documents related to the Russian collusion case and Flynn refused. He invoked the 5th amendment, avoiding a self-incrimination. This does not look good. Comey is set to testify in front of the Senate committee next week. Trump is scheduled to return to Washington by then. Trump scandals and the US dollar The Comey memo sent stock markets down but they recovered quite quickly. This has not been the case for the US dollar. The case for the dollar rally stemmed from hopes for tax cuts and infrastructure spending. In turn, these would result in stronger growth, higher inflation, and an accelerated rate hikes. If Trump remains embroiled in scandal, his agenda is stuck. This includes the fresh budget proposal presented while Trump is in the Middle East. So with Trump on the defensive, the US dollar is likely to remain on the defensive as well. More: Forex Crunch Survey – Please Participate Here is the video from the WP: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD: Rallied ‘Very Far, Very Rapidly’ – What’s Next? Yohay Elam 6 years Less than a week has passed since the New York Times reported about the Comey memo, a report that sent EUR/USD higher. The former FBI Director noted Trump's request to "let Flynn go", an intervention into the FBI's investigation against Trump's first pick as the National Security Adviser. And now, the Washington Post, the NYT's big rival, brings a new scoop. According to the report, President Trump asked the Director of National Intelligence Daniel Coats and Michael Rogers, the Director of the National Security Agency to deny the existence of any kind of evidence of collusion between the Trump campaign… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
