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The market reacts to the public statements of the American President

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The market reacts to the public statements of the American President
April 13
10:00 2017

On Thursday morning, the authoritative edition The Wall Street Journal published an interview with Donald Trump, the first person of the United States of America.

The text of the interview confirms the excessive plasticity of the American President. In particular, Trump completely changed the attitude towards China. Sharp criticism towards Beijing, triggered by the aggressive struggle for advantages in trade, was replaced by cautious statements. The States no longer calls China “currency manipulators.”

Trump has also changed his position with regard to the policy pursued by the Federal Reserve Fund. During the election campaign, it was stated that the head of the Federal Reserve would be replaced. At the moment, the President is of the opinion that Janet Yellen should stay for one more term after the end of her functions in 2018. Donald Trump publicly expressed respect and sympathy to Ms. Yellen. Earlier declared rejection of the rate of low interest rates has changed. To date, the strong dollar does not bother Trump.

Donald Trump’s public statements led to a dollar decrease at the trading start on Thursday. Also, the interview indirectly affected the stabilization of oil quotes after a long decline.

 

The material was prepared with the participation of  Vladimir Haritonov,
a leading analyst of the brokerage company VOSPARI.

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