US President Trump: Federal Reserve would benefit from reducing rates

Dhwani Mehta FXStreet

In his latest post on the Truth Social platform, US President Donald Trump called on the Federal Reserve (Fed) to lower interest rates, as tariffs are hurting the economy.

Key quotes

"The Fed would be MUCH better off CUTTING RATES as US tariffs start to transition (ease!) their way into the economy.”

“Do the right thing.”

“April 2nd is Liberation Day in America!!!"

Market reaction

The US Dollar Index (DXY) loses 0.11% on the day, trading near 103.40, following Trump’s comments.

US Dollar PRICE Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.09%	-0.03%	-0.31%	0.03%	0.28%	0.37%	-0.19%
EUR	0.09%		0.05%	-0.19%	0.11%	0.38%	0.45%	-0.10%
GBP	0.03%	-0.05%		-0.25%	0.05%	0.32%	0.41%	-0.15%
JPY	0.31%	0.19%	0.25%		0.31%	0.57%	0.63%	0.17%
CAD	-0.03%	-0.11%	-0.05%	-0.31%		0.26%	0.34%	-0.22%
AUD	-0.28%	-0.38%	-0.32%	-0.57%	-0.26%		0.08%	-0.47%
NZD	-0.37%	-0.45%	-0.41%	-0.63%	-0.34%	-0.08%		-0.58%
CHF	0.19%	0.10%	0.15%	-0.17%	0.22%	0.47%	0.58%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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