Trump signed one of the biggest budget bills on Friday and ended the second shutdown of the US government since the beginning of the year. Both chambers of the Congress adopted the bill, the main winner afterwards is the military industry.
Earlier today Trump told Twitter "I just signed the new budget and our military will be stronger than ever."
The bill provides for a two-year increase in military spending of more than $300 billion. and $90 billion. which will assist disaster-stricken people in the United States.
Here's the details of the deal that revived the dollar in recent hours:
- $165 billion. will be allocated for military activities
- $131 billion. will be targeted at the Ministry of Internal Affairs
- $90 billion. will be earmarked for the needs of debilitating regions for faster recovery after natural cataclysms similar to those we have witnessed - hurricanes, fires and Arctic frosts.
- The budget includes a two-year agreement that will fund public health centers.
- Trump pledged a large sum to finance the infrastructure projects he promised in his election campaign.
The dollar positively reflected the deal as early as Wednesday when Senate Majority Leader Mitch McConnell presented a bilateral state budget agreement that would provide nearly $300 billion. more about defense and other government spending.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.