By Matthew Ryan, Head of Market Strategy Ebury International Payments Company

The dollar was reinforced against the basic coins today, following the latest inflation report in the US, which confirmed that Trump’s duties helped raise consumer prices in June. Both the main and the underlying measurements of inflation are now at the highest levels of the last four months.

The great fear of them Fed officials is that they come more troubled water, As not only is there a lag between duties and prices rise, but because the additional duties increases on August 1 will almost certainly bring further inflationary pressure in the future.

Trump fired once again vertical attack on the president Powellrepeating calls for reduction of interest rates From the Fed to three percentage points.

However, with inflation moving again upward and the job market to look so far almost unaccountable From Trump’s commercial policies, we believe that Fed officials will maintain a careful approach at the moment, with the next reduction looking increasingly unlikely by at least until October.