US President Trump whines about ‘big, beautiful’ bill, higher rates, unfair Japanese auto trade
In a pre-taped interview with Fox News’ “Sunday Morning Futures”, US President Donald Trump expressed his concerns about his ‘big, beautiful’ spending bill and unfair Japanese auto trade.
On passing the bill by his July 4 target date, he said: “I don’t know. I mean, I can’t tell you that.”
“I’d like to say, yes. But the problem is if we’re two days late or five days late, everybody says, ‘Oh, you had a tremendous failure,’” he noted further.
Speaking on the $9 trillion US debt that is set to mature this year, he said, “I don’t want to have to pay for 10 years debt at a higher rate."
He said, “we’re to get somebody into the Fed who’s going to be able to lower the rate.”
On Japanese trade, Trump said, “they won’t take our cars, and we take millions of theirs. It’s not fair,” adding that “Japan could import more US oil and other products.”
Market reaction
The US Dollar Index (DXY) remains under moderate selling pressure following these comments, down 0.21% so far at 97.20.
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 New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | -0.10% | -0.14% | -0.22% | -0.03% | -0.31% | -0.01% | |
| EUR | -0.07% | -0.20% | -0.20% | -0.30% | -0.12% | -0.38% | -0.09% | |
| GBP | 0.10% | 0.20% | -0.22% | -0.09% | 0.08% | -0.19% | 0.11% | |
| JPY | 0.14% | 0.20% | 0.22% | -0.08% | 0.16% | -0.14% | 0.17% | |
| CAD | 0.22% | 0.30% | 0.09% | 0.08% | 0.14% | -0.10% | 0.20% | |
| AUD | 0.03% | 0.12% | -0.08% | -0.16% | -0.14% | -0.27% | 0.03% | |
| NZD | 0.31% | 0.38% | 0.19% | 0.14% | 0.10% | 0.27% | 0.30% | |
| CHF | 0.01% | 0.09% | -0.11% | -0.17% | -0.20% | -0.03% | -0.30% |
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.
