Home » Currency Note » Currency Note » Currency Note USD » USD: Trump plays down worries of economic slowdown

Donald Trump has played down worries of a global economic slowdown, stating that America is ‘doing tremendously well…consumers are rich, tax cuts loaded up with money…’ His economic advisor Peter Navarro followed the same line, stating that ‘we’re going to have a strong economy through 2020 and beyond with a full market [and] the Fed will be lowering rates.’

The markets will be watching Federal Reserve Chair Jerome Powell’s speech later this week closely, with general consensus being that it will set out expectations for further rate cuts following a quarter-percentage cut in July.

Trade war worries with China continue, with neither side yet approaching a deal. Trump Tweeted last night that America is still talking with China, but the results remain to be seen.

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.

Secure and efficient transfers

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

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.

Refer a friend or business

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