Political Worries Continue To Exert Pressure. The US Dollar Index Continues To Weaken.

During the New York session, the US dollar index continued to decline this week, falling from 97.85 to 97.23, the lowest in 6 months.

The US dollar index is weakening, mainly due to the anxiety of American politics. Besides, Fed officials issued a dovish speech to press the dollar.

There were reports this week that Trump asked Kimi, who was then director of FBI, to stop investigating Russian intervention in the US presidential election in February.

Some investors even suspect.

Will it be forced to step down in advance?

Deuthe Bank Securities Inc strategist Jim Reid and Research Analyst Craig Nicol said, "this week the market has been hit by political risks. It is not clear whether political risks will continue to produce subsequent effects.

The recent fluctuations in market volatility caused by Trump's factors will depend on what Mr. Kimi has grasped the president.

Market participants say investors will pay close attention to some possible developments in political factors next week.

Members of the US Congress have asked FBI to submit a record of what Comi claimed to be after talks with Trump. Congress will also hold a hearing on the matter. Former FBI Secretary Comi has been asked to participate in the hearing.

President Trump said at a news conference that the impeachment of him was totally ridiculous.

US President Trump told the media on Friday that the investigation of Russia is splitting the United States.

He also claims that any impeachment is absurd.

Trump was in deep crisis.

There is growing concern that Trump can deliver on his promise to stimulate economic growth.

For the market concerned tax reform problem, the market is worried that the scale of tax reform will be reduced.

Goldman Sachs economists predict that the recent US President Trump storm will not affect the tax reform process, because the Republican Party needs some "political self protection", that is, before the 2018 congressional elections, it has achieved some success in policy, but this may mean that the tax reform tax reduction will be reduced from 175 billion US dollars to 100 billion dollars.

Ruian, the speaker of the house of Representatives, said this year there will be

We are waiting for the health insurance bill to get the budget office score. We believe it will be passed by the Senate by August.

Brad, chairman of the Saint Louis fed, released a relative pigeon speech within days. He said that the expectation of two additional interest rates this year could be too radical.

Brad said the data since the FOMC meeting in March were relatively weak.

The US economic growth rate is close to about 2%, and the US economic growth rate in 2017 is not much higher than 2%.

Inflation and inflation expectations are unexpectedly downward.

If the unemployment rate goes further down, the inflationary effect is expected to be limited.

Inflation and long-term Treasury yields have fallen since the Fed raised interest rates in March.

If investors and the public feel that the economy is still strong enough to support further interest rates, inflation and yields should be reversed.

In the latest estimate, Fed officials said they expected to raise interest rates two times this year.

Brad said the pace "is too radical compared with the actual US macroeconomic performance data."

The market expects the fed to raise interest rates at the June policy meeting and publish the latest economic forecasts.

Brad once said that he felt that the Fed would only need to raise interest rates again this year, and then suspend interest rates until the economic growth was accelerated.

For the June rate hike, Brad predicted that the second quarter's economic rebound would be enough to support the rate hike in June, saying that it would not oppose raising interest rates in June, but disagreed with the view that "steadily increasing interest rates should begin at that time".

Analysts say the reason why the US dollar is under pressure is not just because of uncertainty about whether Trump can complete his term of office, but also because these disputes mean that the promise of Trump, especially the possibility of fiscal stimulus in the short term, is going down. This is precisely the vision of these policies that has brought the "Trump market" to the market.

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