Home » Currency Note » Currency Note » Currency Note USD » USD: Trump edges closer to declaring emergency to build wall

Following the longest government shutdown in history, Trump is still looking for ways to secure funding to build a border wall. His demands for $5.7 billion are unlikely to be met, especially now that Democrats control Congress, but he is not giving up on what was one of his main campaign pledges. There is talk that the former reality television star is considering declaring a national emergency to deal with this imagined threat.

If an emergency is called, it would be an extraordinary abuse of his power and could change the way things are done in the future. For example, a Democrat might declare an emergency to ensure that every human being in the US has access to healthcare. Yesterday, initial jobless claims came in at 253,000 which was a significant increase from the previous reading. The aforementioned shutdown was bound to have an impact sooner or later and it looks as if it has started.

Today we will see non-farm payrolls, as well as average earnings and manufacturing PMI.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

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.