Daily News | Devaluation and Trump

Welcome once more to our daily market analysis! We are currently in the middle of the week, with plenty of exciting opportunities around every corner! As always, we have compiled the most pertinent stories of the day and this Wednesday, we start with the Japanese yen. From Monday to Tuesday, the currency rose from $0.00878 to $0.00887. This is a sign that the Bank of Japan has few options left now, after three years of huge money printing. The weak yen is among the few successful ways in which the BOJ’s stimulus helped the economy, even though consumption and investment still have very little momentum. The central bank is aiming to devalue its currency, which seems to be going in a different direction than intended. We will continue to monitor this situation as it develops, but let us now turn to the US dollar. In the same period, the USD fell from €0.9360 to €0.9263. This is a clear indicator that the dollar is struggling to regain its poise after Trump entered a conflict with Germany, Japan and China and accused them of attempts at devaluation of their currencies to acquire a trade advantage. In fact, the currency suffered its worst January in over thirty years after these remarks. We will look into this devaluation situation in the future, so be sure to follow us daily!

Daily News | Maintain control of your funds

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