Note

Trump's Tweet Set Off a Huge Market Storm, the Dollar Rose Sharply.

· Views 1,442

The U.S. dollar strengthened on Tuesday (October 6), after U.S. President Trump stated that he had cancelled negotiations with the Democratic Party on the new coronavirus rescue plan, which put the economic recovery into question and prompted investors to turn to the U.S. dollar to avoid Risk assets.

 

Trump's Tweet Set Off a Huge Market Storm, the Dollar Rose Sharply.

Trump said a day after he was discharged from the hospital that he instructed his representatives to stop negotiations on a new fiscal stimulus bill before the end of the US general election on November 3.

 

The Speaker of the U.S. Senate Pelosi said that President Trump is unwilling to fight the COVID-19 and the White House is "obviously" in a state of disorder.

 

After Trump stated on Twitter, the US dollar and Treasury bonds rose, while spot gold and US stock markets fell.

 

At the end of the U.S. market, the U.S. dollar index closed at 93.84, up 0.43%, hitting the highest intraday 93.86 and the lowest 93.34.

 

Spot gold closed at US$1,877.76 per ounce, a sharp drop of US$34.48 or 1.80%. The highest intraday hit US$191.45 per ounce and the lowest touched US$1874.05 per ounce, a drop of 2%.

 

Spot silver once expanded to 6.0%, closing at 23.07 US $/ounce, down 1.28 US $, the lowest intraday hit 22.83 US $/ounce.


 Source: The New York Times


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

Tell you the truth - I have never been so interested in Twitter as I have been since Trump starting tweeting following his discharge from the hospital...I thought the presidential debate was fiery enough..but looks like tweets are even more 'hot'🙄
hahaha,😂Especially these two days... his tweets was insane.
Verified Media
There really should be a study done called 'Everytime Trump Tweets'...and corresponding charts to show how the market takes to it. I mean, talk about powerful Tweets!!😂
hahaha, you can create an account for Twitter and only follow our Mr.President Trump. The best indicator!😈

-THE END-