Dollar Recovers After Trump Comments

US dollar down on as Trump makes fresh threats vs China

But he expressed bafflement at the "madness of Trump's method": If the president really wanted to put pressure on China, why would he tear up the Trans-Pacific Partnership and pick fights with virtually all America's allies and other trade partners at the same time?

So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. Given the strength of the United States economy, the Federal Reserve is expected to keep raising interest rates. But it's something investors will have to think about.

"I'm not doing this for politics - I'm doing this to do the right thing for our country", he added. "This is one more item that just creates noise in markets". The Nasdaq composite fell 1 point to 7,824. The pan-European STOXX index and Germany's DAX - which is highly exposed to trade and China - fell 0.2 percent at the start of trading.

The U.S. yield curve flattened, close to levels not seen in 11 years, as upbeat data on the jobs market and business activity reinforced the view of further interest rate increases from the Fed.

BONDS: Bond prices fell.

Benchmark 10-year notes last rose 9/32 in price to yield 2.8417 percent, from 2.875 percent late on Wednesday. The index finished up 0.4 percent from 22,597.35 on July 13.

The administration says it wants China to end the theft of intellectual property from USA companies and curb policies that require American and other foreign businesses to hand over technology in exchange for access to the Chinese market. The Russell 2000 index of smaller-company stocks was little changed at 1,702.

But General Electric sank 4.5 percent after it reported a 29.7 percent drop in second-quarter earnings to $615 million on continued power industry weakness. GE, which has been selling and splitting off businesses, also cut its forecast for how much cash its businesses will generate.

Artjom Hatsaturjants, research analyst at Accendo Markets, said "market sentiment soured on President Trump criticizing the Fed for hiking rates and threatening to go "whole hog" on imposing tariffs on all $500 billion of Chinese imports to the US, further inflaming global trade tensions and putting at risk central bank independence".

Rouhani says conflict with Iran would be 'mother of all wars'
Under the JCPOA, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran .

Irans Rouhani warns Trump dont play with the lions tail
Iran's Supreme Leader threatened to block oil exports throughout the region if Iran's oil sales are impeded under sanctions. Separately, a top Iranian military commander warned that the Trump government might be preparing to invade Iran.

Parent of Parkland Shooting Survivor Fatally Shot During Armed Robbery
Two of Mr Ali's children, a son and a daughter, managed to survive the Valentine's Day attack on their Parkland high school. The father of two survivors of a high school massacre in Florida has died after being shot at his convenience store.

China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with US tariff hikes but also might reignite an outflow of capital Beijing spent months trying to stanch. Chinese exports would also be relatively cheaper, possibly balancing out suggested increases in tariffs by the Trump Administration.

The world's two largest economies are locked in a trade confrontation with no end in sight after the United States early this month imposed 25 per cent tariffs on approximately US$34 billion of Chinese mechanical and technological products.

The U.S. and China are threatening a trade war over Trump complaints that Chinese companies steal trade secrets and force U.S. firms to hand over technology in return for market access.

YUAN DECLINES: The People's Bank of China weakened the country's currency against the dollar on Friday. If the yuan continues to depreciate, goods exported to China will become more expensive to consumers there and Chinese exports would also be relatively cheaper.

Trump has placed tariffs on everything from steel to chicken incubators.

The U.S. Federal Reserve is raising interest rates while Beijing eases access to credit to support cooling economic growth.

The dollar index, which measures the USA currency against a basket of its global peers, was off about 0.6 percent in morning trading and on pace for its worst day of July.

Wholesale gasoline rose 1.2 percent to $2.07 a gallon.

Related News:

  • Beta Registration Now Available For PS4 System Update 6.0

    Beta Registration Now Available For PS4 System Update 6.0

    Since this isn't a patch within version 5 but an entirely new set of numbers as a whole marks just how big this update will be. Although no official announcements have been made yet, the beta sign-up pages for North America and Japan are now open.
    Kate and William celebrate Prince George's fifth birthday with adorable photo

    Kate and William celebrate Prince George's fifth birthday with adorable photo

    When former US President Barack Obama and his wife Michelle visited England in 2016, they couldn't resist meeting George. George is third in line to the throne after his grandfather Prince Charles and his dad, William, the duke of Cambridge.
    Anger over beating meted out by Emmanuel Macron´s bodyguard to student

    Anger over beating meted out by Emmanuel Macron´s bodyguard to student

    Macron's office confirmed that dismissal proceedings were under way against Benalla on Friday after " new facts " came to light. Paris prosecutors announced their probe into Alexandre Benalla on Thursday amid a public outcry over the incident on May 1.
  • Congressman Adam Schiff: Trump Is Acting Like He's Compromised By Russia

    Congressman Adam Schiff: Trump Is Acting Like He's Compromised By Russia

    During the press conference, Trump failed to go after Putin about Russian Federation meddling in the 2016 US election. The Washington Post reported that Trump specifically admired how Putin is "strong, smart, and cunning".
    Mesut Ozil retires from worldwide  duty - Premier League 2018

    Mesut Ozil retires from worldwide duty - Premier League 2018

    Whatever the outcome would've been in this previous election, or the election before that, I would still have taken the picture. The 29-year-old has highlighted "racism" and "disrespect" for calling it quits after 93 caps for the German national team.

    Trump threatens tariffs on all $505bn of Chinese imports

    The euro ended the day up 0.7 percent at $1.1724, while the yen was nearly 1 percent stronger. "I want them to do well", the U.S. The currency movements also reverberated in foreign stock markets, pressuring bourses in Tokyo, Europe and London.
  • '1st man on moon' Neil Armstrong's memorabilia to be auctioned

    '1st man on moon' Neil Armstrong's memorabilia to be auctioned

    If you're a big fan of Neil Armstrong now you have the chance to own some of the mementos and artifacts belonged to him. It also includes correspondence about the planning of the 1969 Apollo 11 moon mission.
    Will Janhvi Kapoor and Ishaan Khatter Recreate the Magic of Sairat?

    Will Janhvi Kapoor and Ishaan Khatter Recreate the Magic of Sairat?

    After amassing a two-day total of Rs 19.72 crore, Shashank Khaitan 's film will be hoping for a Rs 30 crore opening weekend. It remains to be seen if the film continues to perform well at the box office or takes a nosedive on Monday.
    Syrian White Helmets: 800 Rescue volunteers evacuated to Jordan by Israel

    Syrian White Helmets: 800 Rescue volunteers evacuated to Jordan by Israel

    Al-Kayed, the Jordanian spokesman, said the transfer of the 800 Syrians does not put the kingdom under any further obligations. The announcement marked the first such Israeli intervention in Syria's civil war, now in its eight year.
  • Olivia Munn Calls Out Meghan Markle's 'Crazy' Sister for Recent Public Comments

    Olivia Munn Calls Out Meghan Markle's 'Crazy' Sister for Recent Public Comments

    Her new husband, Prince Harry , has notably never met Thomas Markle . "It's just my point of view, what I get paid for". In the aftermath of their lovely nuptials on May 19 - which saw Prince Charles walk the new royal partway down the St.
    Burlington mosquitoes test positive for West Nile virus

    Burlington mosquitoes test positive for West Nile virus

    Louis County health officials say people can minimize the risk by eliminating opportunities for mosquitoes to breed and lay eggs. In the past week, some of the mosquitoes that were caught in traps in the Estevan areas were infected with the deadly virus.

    Rapper Tekashi69 ‘in hospital after being pistol whipped, robbed and kidnapped’

    Once 6ix9ine regained consciousness, the men demanded money and jewelry or else they threatened to kill him. The men returned to 6ix9ine's home and two of them went inside with him, while one guarded the auto .


Most liked

Liverpool hand Mane No. 10 jersey
John Barnes, Michael Owen and Luis Garcia were all successful No.10s at Liverpool, but Joe Cole and Andriy Voronin fared less well.

Rory McIlroy happy to be in with a shot at Carnoustie
Definitely, I would say I'm on the opposite end of the spectrum than someone that's mechanical". I really enjoy it. "This week, one of my main thoughts is just to let it go".

Rapper Tekashi 6ix9ine hospitalized after he was allegedly pistol-whipped, kidnapped, robbed
He wrapped up around 4 AM and as he reached his home, another vehicle pulled up and blocked his driveway. The gunmen then allegedly drove the rapper around NY , demanding various amounts of money and jewelry.

Tiger Woods is Currently Leading The Open Championship
With the strong westerly breeze causing havoc at the top of the leaderboard , Woods played the opening nine holes in 34 strokes. In fact, there are dropped shots everywhere in the final round at Carnoustie, where the wind is playing havoc.

Jhonattan Vegas takes helicopter to The Open, barely makes his tee time
Then I made a decision to start hitting the driver, and bad things started happening with that shot. "Whatever you can find'". He flew to Toronto before setting off on an overnight flight to Glasgow. "At the end of the day, I gave it a try".

Tiger Woods is Making a Move at the Open Championship
Afternoon all and welcome to coverage of the final round at Carnoustie where Jordan Spieth is one of three tied for the Open lead. An hour in and Spieth and Schauffele were doing that but only by their fingertips. "I feel like my game's in good shape".

Trump claims 'illegal' spying after warrant papers unveiled
The documents' release comes nine days after 12 Russians were charged with hacking Democratic officials in the 2016 USA elections. Page has denied being an agent of Russian Federation , which he repeated Sunday to CNN , saying, "No".

Supergirl Season 4: New Cast Members Announced Including Transgender Superhero
Also joining the cast is April Parker Jones ( The Last Ship, The Fosters ) as Colonel Haley, who's a stickler for the rules. National City is getting a new groundbreaking superhero! TV's first transgender superhero is coming to the CW'sSupergirl.

Trump administration releases Carter Page wiretap documents
Among the evidence presented was a controversial dossier compiled in 2016 by former British intelligence agent Christopher Steele. He also said if the Obama administration funneled campaign research toward surveillance, the American people deserve to know.

British reject May's Brexit plan, some turn to Boris and far right
He was also critical of the UK's proposal of a Single Market for goods, questioning how it would protect consumers and businesses. Barnier questioned some other key aspects in the white paper, as well as the Irish border.

Fox News' Kimberly Guilfoyle Leaving Network for Campaign Trail
She was considered for White House press secretary a year ago after Sean Spicer departed the administration. As IJR previously noted , Trump Jr. confirmed his relationship with Guilfoyle during an event in Montana.

Microsoft, Facebook and Friends Looking to Drive Data Portability
Instructions on the DTP site note that you'll need API keys from the services you want to transfer data from and to. The project is still in the early stages but seems to offer plenty of upside, both to consumers and businesses.

Sizzling 66 puts charging Tiger in the British Open mix
Woods asked the gallery to move back because he would have to start it to the right with the golf ball well above his feet. With his third straight birdie of the round, Woods got to 5-under on the round and on the tournament.

Unstoppable Fakhar Zaman Sets New ODI Record, Surpasses Viv Richards
They went on to win the fourth ODI by 244 runs thanks to a record opening partnership of 304 runs by Fakhar Zaman and Imamul Haq. The previous record was by Pakistan's Mohammad Yousuf, who had amassed 405 runs between two dismissals in 2002.

Putin: Meeting with Trump was "successful"
Bush entered the White House promising to end the "dead ideological rivalry" of the Cold War. Can't say we'd expect the average person to know much about the place.