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Euro Falls, Dollar Rises as Trump Puts Pressure on Fed to Cut Rates


Tuesday, 18 June 2019 23:11 WIB

Indeks Dolar EuroEUR/USD


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The euro was lower against the U.S. dollar on Tuesday, as U.S. President Donald Trump continued to put pressure on the Federal Reserve to ease rates by criticizing the European Central Bank.

EUR/USD slipped 0.3% to 1.1185 by 11:04 AM ET (15:04 GMT), while the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.1% to 97.20.

Trump slammed ECB President Mario Draghi, who earlier in the day hinted at more stimulus money and rate cuts in the if the eurozone economy does not improve.

The dollar was slightly lower against the safe-haven Japanese yen, with USD/JPY falling 0.1% to 108.49.

Elsewhere, sterling was slightly higher, with GBP/USD up 0.1% to 1.25, while USD/CAD fell 0.1% to 1.34.

Source: Marketwatch


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