Trump says tariffs will decrease deficits and urges scrutiny of countries like China – Crypto News – Crypto News
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Trump says tariffs will decrease deficits and urges scrutiny of countries like China Trump says tariffs will decrease deficits and urges scrutiny of countries like China

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Trump says tariffs will decrease deficits and urges scrutiny of countries like China – Crypto News

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The first US presidential debate between President Joe Biden and Republican Presidential Nominee Donald Trump began on CNN News. It is their first showdown of the 2024 election process.

The first question asked was on the state of the economy, including spiraling inflation, and whether it has been worse off after US President Biden took over.

Biden said that he aims to reduce housing prices, increase construction, and limit rent caps if he gets elected for the second term.

Trump condemned elevated inflation levels. He suggested that tariffs would decrease deficits and urged scrutiny of countries like China.

When asked about the Russia-Ukraine war, Trump said that If Russia respected President Biden, he wouldn’t have invaded Ukraine. He added that Biden in fact encouraged Putin to get into the war.

“Shortly after I win the presidency, I will have the horrible war between Russia and Ukraine settled,” Trump said.

Biden refuted saying that former President Trump wants to get out of the North Atlantic Treaty Organization (NATO) and start a nuclear war.

Further, both candidates slammed each other on topics such as immigration, abortion rights and the Middle East conflict.

developing story, please refresh the page for updates.

US Dollar keeps pushing higher

The US dollar catches a fresh bid against its major currency rivals, mainly driven by surging USD/JPY, as the Japanese Yen slides further. The debate seems to have limited impact across the FX board.  

US Dollar PRICE Today

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

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.17% 0.12% 0.19% 0.23% 0.34% 0.30% 0.14%
EUR -0.17%   -0.04% 0.03% 0.06% 0.16% 0.13% -0.02%
GBP -0.12% 0.04%   0.06% 0.09% 0.20% 0.17% -0.01%
JPY -0.19% -0.03% -0.06%   0.00% 0.13% 0.08% -0.06%
CAD -0.23% -0.06% -0.09% -0.01%   0.10% 0.07% -0.12%
AUD -0.34% -0.16% -0.20% -0.13% -0.10%   -0.03% -0.21%
NZD -0.30% -0.13% -0.17% -0.08% -0.07% 0.03%   -0.18%
CHF -0.14% 0.02% 0.01% 0.06% 0.12% 0.21% 0.18%  

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).

 

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