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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

USD Rallies as Market Anticipates Trump’s Tax Policies

February, 10 2017
watermark Economic news

The USD traded within its session highs following Trump’s statement that his administration will soon be releasing updates with regards to its tax policies in the coming weeks, inducing some positivity in the market and leading to speculations that the US economy might benefit from fiscal stimulus and could also lead to an reignition of the Trump trade. The USD/JPY pair was able to maintain its place in its session highs and has created a ripple effect among other currency pairs after Trump’s officials stated that the currency devaluation issue will not be among the priorities listed in the impending meeting of Trump and Japanese PM Shinzo Abe.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.