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The dollar is falling towards the yen due to the uncertainty surrounding the U.S. economic program



The dollar declined to the yen on Friday due to worsening investor concerns about the ability of U.S. Presidential Administration Donald Trump to fulfill the promised economic reforms.



19.Aug.17 2:15 PM
By Daria Zaytseva
Photo Toinnov.com

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The dollar is falling towards the yen due to the uncertainty surrounding the U.S. economic program

The market was moving news about the deadly attack in Barcelona, ​​as well as speculation about the possible resignation of the White House economic policy adviser Gary Cohn, who provoked a sell-off of American stocks and spurred the demand for reliable bonds.

A representative of the White House said on Thursday that Cohn remains at his post.

Asian markets are playing up dynamics of American markets on Thursday, Horchani said, noting that risk avoidance may not be long-term, given the news that Cohn remains in his position.

The dollar fell by 0.16 percent to 8.40 GMT to 109.40 yen after a decrease of 0.6 percent the day before.

The U.S. currency moved away from the peak value at 110.95 yen, noted earlier in the week, which became the maximum for more than a week.

The euro stably kept at around $ 1.1735, but overall it dropped 0.8 percent in a week.

The euro / dollar fell on Thursday to a minimum of three weeks at $ 1.1662 after the release of the minutes of the ECB meeting on July 20, at which members of the regulator expressed concern about the strengthening of the euro.

Despite losses this week, the euro has continued to grow by more than 11 percent this year.




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