The dollar is strong against the euro and the pound today, as a whistleblower complaint was released against the President. The newly released complaint came as US lawmakers on the House of Representatives intelligence committee started to question Trump’s top intelligence official.
The complaint says that the call transcript between President Trump and President Zelensky of Ukraine was not stored on the usual computer system, and accuses Trump of “using his power in office to solicit interference from a foreign country in the US 2020 election.” The call reveals that Trump asked Zelensky to investigate political rival Joe Biden – specifically, the unsubstantiated allegations that Biden stopped the prosecution of his son during his work with a Ukrainian company. It has since materialised that the whistleblower is a CIA officer.
GDP growth rate figures came in for the US yesterday, showing that the economy grew by 2% annually in the second quarter of this year. Consumer spending was its strongest in 4 and a half years, however, weak exports, a slower pace of inventory investment and a sharp contraction in business investment cast a shadow over the economy.
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