Home » Currency Note » Currency Note » Currency Note USD » USD: Trump calls Cohen weak as former lawyer pleads guilty

The big news of the day from America was Trump’s former lawyer, Michael Cohen, pleading guilty to charges of lying to Congress. Trump called Cohen ‘weak’ and claimed that he is lying to get a reduced sentence. Importantly, Cohen said that Trump continued trying to develop tower in Moscow months into presidential campaign. This could well be the start of something big.

Initial jobless claims surprisingly jumped up to 234,000 in the week ending 24 November from the previous week’s unrevised level of 224,000. Markets had been expecting a drop to 220,000. There won’t be too much concern over the data, as it is possible that Thanksgiving celebrations played a part in the figures. It will be interesting to see what the reading is next time around.

Today is extremely quiet for US economic data, but it wouldn’t be a surprise if we saw continued fallout from the Trump and Cohen situation. Expect some defensive Tweets from the former reality television star.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.