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Major currency trading mixed, gold down on Wednesday

Published 01/11/2017, 04:29 PM
Updated 01/11/2017, 04:45 PM
© Reuters.  Mexican peso hits all-time low.

Investing.com - Major market currencies were mixed in trading on Wednesday, over concerns of possible new international tensions under the incoming Trump administration.

The euro/dollar pairing was up today by 0.27% and settled at 1.0582.

The pound/dollar pair was also up by 0.25% and closed at 1.2205.

The dollar/yen pairing was down by 0.35% and closed today at 115.36.

President-elect Trump's nominees for Secretary of State, Rex Tillerson, and Attorney General, Sen. Jeff Sessions, participated in day-long hearings on Capitol Hill.

President-elect Trump held a news conference in Manhattan at Trump Tower, where he has had his transition headquarters.

Trump said that a number of nations were responsible for ongoing "hacking" attempts on U.S. government computers, but that Democrats were to blame as they had poor IT security systems. The President-elect said that during the summer, after securing his nomination from the Republican Party for President, he directed the Republican National Committee Chairman Reince Prebius to install top-flight cybersecurity, and that the RNC did this, after interviewing a number of leading computer experts.

Trump added that he was clear-eyed about possible relations going forward between the U.S. and Russia. He will attempt to foster better relations, but if Russian President Vladimir Putin does not see that as being in his interests, then relations may not improve. Trump said he was willing to accept that outcome.

On the topic of Russia, Secretary of State nominee Tillerson, during his hearing, testified that "many ISIS fighters are speaking Russian," and were likely Russian nationals, and that was an indicator of a possible conflict area between the U.S. and Russia as the defeat of ISIS is the top U.S. foreign policy goal.

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