The impact of Trump’s signature on the dollar

The impact of Trump's signature on the dollar

According to Eqtesadnews, quoting Fars, Trump’s signing of the package of approved $ 900 billion economic aid of the Congress caused the value of the dollar in the global exchanges to start a downward trend.

Since March, the value of the dollar has been on a downward trend due to the unprecedented implementation of expansionary and stimulus policies in the United States.

In recent trading, the dollar index against the basket of reference currencies has fallen 0.3 percent.

This has caused the value of gold in the world market to increase. The oil market is not without its problems and part of the increase in oil prices in recent days has been due to the devaluation of the dollar.

Experts believe that because of the implementation of economic stimulus packages and the prospect of rising inflation, investors are moving to the gold market to avoid the effects of inflation and devaluation of their assets.

This article is useful for me



0

N
Like this post

.Source