Investors are preparing for another unstable week, as Trump’s introduction, and then a sudden delay in duties on goods that are imported to the United States, are constantly sowing confusion.
The dollar continues to fall, as the World Reserve’s currency investors are confident after a series of US President Donald Trump’s statements in relation to tariffs. Reuters reported it.
It is noted that investors are preparing for another unstable week, as Trump’s introduction, and then a sharp removal of duties in goods imported to the United States, continues to sow confusion.
“Right now … This issue is random, tough and pressure, and these steps have created great uncertainty. These thunder are not lost anywhere,” said IG analyst Tony Sikamor.
As for a basket of six currencies, the US dollar holds a three -a minimum to 99.77.
As you know, the White House has provided an exception to smartphones, computers and some other electronic goods, which are primarily imported from China. Trump later said this step was short. He said he would announce the amount of fee for the imported semiconductors next week, adding that flexibility will be shown to be related to some companies in this sector.
But the Euro stabilizes 1.1359, changing about three -a maximum Friday, as investors rush to a single currency after the dollar’s trust crisis.
“I think we’ll see the Euro at $ 1.20 somewhere at the end of July, early August,” Sikamor said from IG.
It has been reported that the growing nervousness to investors about the ownership of American property has forced some of them to get rid of these positions and transfer money to other markets, including Europe, which contributes to the growth of the euro.
“The market overestimates the structure of being attractive -dollar as a global currency reserve and experiences the process of rapid deadlarization,” wrote George Saravalos, head of the Deutsche Bank Currency Research Department in the client’s record.
According to him, the delay process has not been completed, but it is still unclear how this process will develop and what is the final new balance in global financial architecture.
A sharp sales in the US Treasury Bonds market last week gave great pressure on the dollar.
“Nowhere it is declared obvious against the background of the ongoing and simultaneous collapse of the foreign exchange market and the US bond market,” Deutsche Bank said.
So far, the dollar is set up to a 10-year minimum related to the Swiss Franc at 0.8188. Pound Sterling has maintained most of its height of 1.7% since last week and costs $ 1.3099. In connection with Yen, the dollar fell 0.22% to 143.24. Australia’s dollar grew 0.08% to 0.6299, continuing more than 4% increase compared to last week.
We remember you that the dollar rate fell dramatically in the international market. Investors are trying to get rid of American ownership in favor of the gold and money of other countries.
Euro has updated the historical record in Ukraine
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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.