The US dollar is falling after Trump's aggressive speech, against the background of risk

The dollar fell slightly in early European trade on Monday, as risk assets around the world took advantage of last week's events, which included an encouraging start to the US earnings season, as well as further signs that the Chinese economy is recovering.

At 04:00 EST (0800 GMT), the euro rose 0.1% from late Friday in Europe at $ 1.1315, while the pound also rose by $ 1.3085 but still hampered by the ongoing political stalemate around Britain's exit from the European Union.

The Dollar Index, which measures the greenback against a basket of six major currencies, was trading at 96.480, down 0.1%

The dollar was attacked again from the White House over the weekend as President Donald Trump renewed his attacks on the Fed via Twitter, blaming it for slowing growth and cutting stock prices through tightening monetary policy.

Trump's repeated attacks on the Fed are in stark contrast to the agreement to allow him to carry out monetary policy without political pressure, making it difficult for the central bank to raise interest rates, even if they are thought. Its own data indicate that policy makers do not intend to tighten policy more than this year after the suspension of the balance sheet reduction in September.

European Central Bank President Mario Draghi said at an IMF meeting on Saturday that he was "definitely concerned about the independence of the central bank", especially "in the world's most important judicial authority."

There have been recent signs that the administration is trying to put its stamp on Fed policy by nominating Trump supporters to the Federal Reserve. However, Republican senators indicated last week that they were not prepared to support Hermann Caen, a Trump ally who was introduced as future governor of the Federal Reserve.

Draghi and other ECB officials were cautiously optimistic about a recovery in the euro-zone economy in the second half of the year, which economists say is more likely now that the Chinese economy is stable. Analysts at Nordia Markets said on Sunday they were now targeting the euro against the dollar at $ 1.1650.

Elsewhere, the greenback also fell against the yen, but rallied against the kiwi after some weak economic data in New Zealand.

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