He dollar in the world fell this Monday to a minimum of almost four years in front of the eurogiven the concern of a greater public deficit in USA and uncertainty regarding the possibility of agreements with its main business partners. According to Financial Times, He crowned his worst beginning of the year since 1973.
He dollar He went down a 0.6% to 0.79355 Swiss francs To complete the month with a decline of the 3.60%. The green ticket has lost near a 12.5% in front of the Swiss currency this year.
He euro reached its highest level against the dollar since September 2021, in U $ S1,1780. Quoted with an advance of the 0.45% and won a 3.8% In the month. The euro added an escalation near a 14% against the dollar this year.
The Republicans of the United States Senate will try to approve the broad Tax and expenses cutting bill of the president Donald Trumpdespite the divisions within the match over its expected 3.3 billion dollars to debt from the country.
“There is a lot of attention around the great bill already will be approved,” said Amo Sahota, executive director of the Currencator Klarity FX in San Francisco.
The United States Treasury Secretary, Scott Besenthe warned on Monday that some countries could face higher tariffs on July 9, even if they are negotiating in good faith, and added that any possible extension will depend on Trump.
Trump said Japan would be among the countries that would receive a commercial letter in which the tariffs that would have to pay to the United States would be detailed.
He dollar went down a 0.36% to 144.45 yento end the month without changes against the Asian currency.
The dollar index, which measures the price of the green ticket in front of a foreign exchange basket that includes the YEN and the euro, fell a 0.35% to 96.86, for add its sixth consecutive month being the worst semester since the 1970s.
Three reasons why the dollar falls in the world
Among the arguments for the decline of the American currency are the DISASSEMBLY OF POSITIONS IN DOLLARS To seek profitability in higher risk assets, due to the latest advances in the US trade agreements and the cessation of fire in the Middle East.
A greater concern about the impact it can have on the US economy Trump’s tax reform, which would imply a considerable increase in treasure debt. Finally, the Expectations for Federal Reserve Rate Cutting.
Source: Ambito
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