Trump’s comments regarding his preference for a weaker USD and disapproval of higher interest rates has re-introduced the debate of Fed independence, according to analysts at TD Securities. Key Quotes “This is more noise than direction as he alone will likely yield little to no influence over Fed decision-making. At this juncture, few alternatives exist at this time to check USD firmness.” “This is likely to be aided by a higher trajectory for USDCNY. Our year-end target was achieved much sooner than expected. Despite the swift ascent, we look for additional topside and eye 7.10 by year-end. The spillover effect is likely to permeate through selective EM and G10 FX markets, keeping the USD a stable but firm for the time being until a macro catalyst suggests otherwise.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Bullard: Gives an update on the risk of yield curve inversion FX Street 5 years Trump's comments regarding his preference for a weaker USD and disapproval of higher interest rates has re-introduced the debate of Fed independence, according to analysts at TD Securities. Key Quotes "This is more noise than direction as he alone will likely yield little to no influence over Fed decision-making. At this juncture, few alternatives exist at this time to check USD firmness." "This is likely to be aided by a higher trajectory for USDCNY. Our year-end target was achieved much sooner than expected. Despite the swift ascent, we look for additional topside and eye 7.10 by year-end. The spillover effect… 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.
