The dollar rises as Fed officials oppose the call to the facility by Investing.com

Investing.com – The dollar was higher in early trading on Wednesday in Europe, backed by comments from top officials of the Federal Reserve downplaying the likelihood of interest rate cuts, as well as by a new wave of worries. purchases of safe havens on geopolitical tensions.

, Which measured the greenback against a basket of six major currencies, was at 97.36, up almost 0.5% from Monday's low points and 0.1% from Tuesday's evening.

The dollar was the strongest against and after the data published in China and was below expectations in April – even before the imposition of new tariffs on its exports to the United States.

Chinese equities, however, rebounded Wednesday, apparently in anticipation of further stimulus from the Chinese central bank.

President Donald Trump on Tuesday urged the Federal Reserve to "match" any incentive for China to compensate for the economic damage caused by its new tariffs.

However, the president of the Kansas City Fed warned in a speech that "falling interest rates could fuel asset price bubbles, create financial imbalances and ultimately a recession," and blame the company for 39, trade policy uncertainty and slowing growth any risk to the US economy abroad, especially in China, the eurozone and the UK ".

At another appearance, the Fed chairman in New York warned that rates would tend to increase inflation.

"If tariffs go up, assuming that to happen, the effects will be greater, which will spur inflation next year and will likely have negative effects on growth," Williams told Bloomberg.

The euro was drifting after the announcement of a 0.4% growth in the first quarter, a figure already overshadowed by weak business surveys in April and May. A second reading is scheduled later on Wednesday.

Weakened after yesterday's data that average earnings growth slowed slightly in March. Labor Party deputy leader John McDonnell warned that the multi-party talks on a Brexit approval deal were about to collapse. The prime minister said on Tuesday that she was aiming for a fourth parliamentary vote on her withdrawal agreement by the month of June.