The value of the dollar value on the currency basket was sharply fallen sharply last week, with the exchange rate against the dollar strengthened more than 2 percent, which is its the largest week of half in 2023. years.
The dollar index, which shows the value of US towards the six most important currencies, was 1.8 percent last week, which is its greatest loss from Noovembra 2023. year, the euro doller jumped 2.2 percent, to $ 1,0495, which is his greatest weekly jump since July 2023. years.
The decision of the dollar exchange rate towards the exchange basket for the second week, the consequences, among other things, the pressure of the US President Donald Trump to the American Central Bank. Namely, Trump told the participants in the World Commercial Forum in Davos last week that he would ask OPEC to lower the oil prices, and from central exchange rate banks. He especially asked for a decrease in the interest rate of Fed.
And for the first term Trump, Trump tried to influence the monetary policy, but the leaders of Feda did not cease then. This is not expected now. Peter Tuz, President of Chase Investment Councel, believes that the Fed interests on interest will be based on economic data, not on the requirements of the President Trump.
The dollar test will, analysts, market development in the next week if the Fed keeps interest rates unchanged, and the European, Canadian and Swedish Central Bank reduce the price of money.
Last week, the dollar weakened by Jen because the Japanese central bank increased interest rates for 0.25 percentage points, at 0.50 percent, the highest level of the 2008 Global Financial Crisis. Years. In the same time, the Central Bank leaders increased inflation assessments in Japan this year and said that it will continue to increase interest due to sensual growth of consumer prices and salaries.
