The dollar reached a minimum of 105.46 in relation to the basket of currencies, the weakest indicator from December 6, 2024.
The dollar fell to a three -month minimum against the rear of the market shocks due to the trade war, initiated by US president Donald Trump. Reuters reported this on Wednesday, March 5.
It is noted that the dynamic courses of money on March 5 are unstable, as investors are concerned about the influence of rising global intensity in the world’s economic trade.
In his appeal to Congress, Trump said that on April 2, additional duties will take place, including “duties to each other” and non -tariff measures aimed at eliminating imbalance trade.
The dollar first grew in Trump’s performance, but he eventually began to fall and reached a minimum of 105.46 with respect to the basket of currencies, the weakest indicator since December 6, 2024.
Investors have sold the dollar, as they are more concerned about the growing economy in the world, showing signs of slowing down.
Remember, on March 4, Trump’s new 25%duties for goods from Mexico and Canada entered strength, as well as doubling duties to Chinese goods up to 20%. In response, China and Canada introduced duties to American goods. Mexico also prepares its events.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.