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USD Bounces Back as Japan, Germany Rejects Trump’s Currency Devaluation Statement

February, 02 2017
watermark Economic news

The dollar rose along with Treasury yields and managed to redeem its losses last Tuesday after Japan and Germany rejected Donald Trump’s statements that their country’s respective currencies were the cause of the dollar’s devaluation since these countries use the USD to induce value into their own currencies. Japan’s head currency official has stated that Trump’s comments were “wide off the mark”, while Angela Merkel rejected accusations that Germany was gaming in the FX market. The value of the USD initially declined last Tuesday after Trump’s comments suggested that the newly-minted president wanted a weaker value for the US dollar.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.