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US Pres. Trump: US should have the lowest rate

US President Donald Trump has criticized the Federal Reserve's policy stance in a Twitter post on Monday.

"As usual, Jay Powell and the Federal Reserve are slow to act. Germany and others are pumping money into their economies," Trump said. "Other central banks are much more aggressive. The US should have, for all of the right reasons, the lowest rate. We don’t, putting us at a competitive disadvantage. We should be leading, not following!"

USD reaction

Trump's criticism of the Fed is nothing new nor surprising and markets don't seem to be paying any attention to it. As of writing, the US Dollar Index was down 0.67% on the day at 97.47.

GBP/USD Price Analysis: Pound pressuring 2020 lows below 1.2800 figure vs. US dollar

GBP/USD is weakening below the 1.2800 figure and the 50/100-day simple moving averages (SMAs) as the spot is nearing 1.2700 and the 200 SMA.
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Italy to raise deficit target to 2.4% of GDP amid coronavirus – Reuters

Italy is planning to hike its 2020 budget deficit target to 2.4% of its GDP from 2.2% to provide the economy with the funds it needs to battle the imp
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