October 24, 2018

Euro rally driven by the Boot’s developments on budget

LQDFX Forex news blog: Euro rally driven by the Boot’s developments on budget

Traders’ relief over Italy’s budget and Italian borrowing costs’ drop were the main reasons behind euro rally. The euro rally was also encouraged by EU-friendly comments by Italy’s Deputy Prime Minister. Luigi Di Maio stated that the Italian government was ready to sit down with the EU over the Rome’s budget.

FED under criticism again: Trump’s new frenemy

LQDFX Forex news blog: FED under criticism again: Trump’s new frenemy

Following last week’s Trump’s comments – twice – on the Federal Reserve, the US President brought FED under criticism again. “My biggest threat is the Fed” he said and he added that “I put a couple of other people there I’m not so happy with”. Last week’s comments on FED were that it was raising interest rates so swiftly it threatened the country’s economic health. Past U.S. presidents have been reticent to criticize the central bank because its independence is seen as important for economic stability. Forex news – Bits & Pieces from Reuters – FED under criticism Iran calls U.S. efforts to cut its oil exports to zero ‘political bluff’. Don’t mention the oil price – U.S. legal threat prompts change at OPEC. The oil producing group has urged its members not to mention oil prices when discussing policy as seeks to avoid the risk of U.S. legal action for manipulating the …