Thursday 1 June 2017

The dollar modest gains against other major currencies

The dollar gains against other major currencies as market participants observe the release of  U.S. economic reports later in the day and highly predicted jobs data.

The dollar regained on Thursday but gains were expected to remain limited between ongoing fears investigations into President  Trump's ties with Russia could hold his administration's progress on promised stimulus measures.

The Trump administration is under investigation by the FBI Investigation and several congressional panels over alleged Russian meddling in the 2016 presidential election and potential collusion with the Trump campaign.

The pound remained vulnerable after the latest poll showed that Theresa May's Conservative Party is only 3 percentage points in front of the opposition Labour Party ahead of the June 8 election.


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RBI keeps key interest rate unchanged

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