The currency market have experienced highest records of transactions during the first 100 days Presidency of President Trump as a result of his new revision of some major financial subject.
Prime financial companies that provide settlement services in the foreign exchange market believe that President Trump and his administration have great impact on bumping transactions up by haunting news headlines. This leads in high profit for major trading companies and banks from trading commodities, bonds and Forex Market.
President Trump criticism on manipulating currencies by the United States trading partners has augmented the volume of transactions on 31st of January at 4 p.m. London session. The new tax plan announcement has boosted the transactions to around $68 billion on 9th of February.
Another increase was on 21st of March when it was anticipated that President Trump’s health care would fail to pass through the Congress. On 7th of April, when President Trump ordered the strike on Syria, the transactions increased to $32 billion.
The Twitter messages of President Trump have great impact on currency exchange market that most of the financial analysts believe that the political risks are making the financial market fluctuates.