Trump Says He's Willing to Shut the Government to Get His Wall

Paterniano Del Favero
Agosto 24, 2017

The dollar edged down to its session low against the yen on Wednesday, following U.S. President Donald Trump's remarks about a government shutdown.

But sentiment was less upbeat again Wednesday following Trump's free-wheeling speech in Arizona on Tuesday night, in which he lambasted the media and vowed to build the wall "if we have to close down our government".

The House has already passed a spending bill with funding for the wall.

"Given the time of year it is, and the rest of the appropriations we have to do, we're going to need more time to complete our appropriations process, particularly in the Senate", he said.

"No one can be sure whether the comments are a way for Trump to influence the negotiations, or whether he thinks that the negotiations are just a formality and he means to scrap NAFTA completely", said Thierry Albert Wizman, global interest rates and currency strategist at Macquarie Group in NY.

Senate Minority Leader Charles E. Schumer warned Trump that a shutdown would cause problems for him politically. "The American people respond to honesty", Gohmert told The Dallas Morning News in a statement. But GOP leaders on the Hill have made clear their desire to avoid the potentially politically damaging outcome.

"We have to think a bit harder about the downside risks of the dollar, especially against the safe havens", Sim said. I can think of a couple with those gentleman, but nevertheless we have very good working relationship.

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