U.S. President Donald Trump's criticism of the Federal Reserve's rate hikes and his view that the dollar is strong caused the currency to fall. UniCredit says

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23 July 2018

U.S. President Donald Trump's criticism of the Federal Reserve's rate hikes and his view that the dollar is strong caused the currency to fall. UniCredit says

U.S. President Donald Trump's criticism of the Federal Reserve's rate hikes and his view that the dollar is strong caused the currency to fall on Friday but UniCredit's analysts believe the nearterm picture for the forex market hasn't changed dramatically. The EUR/USD "is still flipping alternately between moves towards 1.16 and over 1.17 in response to news on the trade row, given the lack of clear direction," UniCredit says.

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