By IFCMarkets
US President Donald Trump in an interview with CNBC said that he does not approve Fed policy. In his opinion, the rate hike and strengthening of the US dollar puts the US economy at a disadvantage and deprives it of a competitive benefit. At the same time, central banks of other countries support a loose monetary policy. Fed representatives noted that the President cannot affect the decisions of the directors of the Federal Reserve, but the US dollar index has slightly decreased according to the results of the week. According to the US Commodity Futures Trading Commission (CFTC), the net volume of long positions in US dollars has increased for the fifth consecutive week and reached the high since March 2017. Thus, market participants still believe in the further rate hike.
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