He US dollar rises On Friday, after disorders in the world commercial scene, after the president of the United States, Donald Trumpwill announce more duty to import over different business partners. In parallel, Bitcoin shoots a new record by first exceeding US $ 118,000.
Most currencies were initially maintained in adjusted ranges in Asian transactions, although The dollar gains ground After Trump’s last comments increased uncertainty about the evolution of his commercial measures.
He Canadian dollar low 0.27% to 1,3693 per US dollar, after a precipitous drop of more than 0.5% after Trump announced a 35% tariff rate On the imports of your neighboring country, as of August 1.
“Canada is in the line of fire and obviously it is not the end of the week we wanted to see, so it would be expected to see risk assets because there is a risk of climbing from several parts,” said Tony Sycamore, the Ig market analyst. He added: “The news of the tariffs so far have been largely ignored, but that of Canada … is something that I do not think the market was prepared.”
In addition, the European Union I could receive a letter about tariffs This Friday, Trump said on the eve, which doubts the progress of the commercial conversations of the block with Washington. He Euro fell 0.2% Au $ S1,1682, aiming at a weekly fall of around 0.9%. He Australian dollarrisk sensitive, also lost 0.11%, up to US $ 0,6581, worsened by the market.
The president of Brazil, Luiz Inacio Lula da Silva, He said he was looking for a diplomatic solution to Trump’s threat to impose 50% tariffs on the country, But he promised to correspond from equal to the same if they enter into force on August 1. The Brazilian real barely varies to 5,5321 per dollar, although it is prepared to lose 2% in the week, its greatest fall in almost five months. On the other hand, the sterling pound lost 0.16%, au $ s1,3558, and went to lose more than 0.6% in the week. The New Zealand dollar fell 0.34% au $ 0,6015 and Yen yen 0.44% to 146.91 per dollar.
The Japanese currency was aimed at a weekly fall of approximately 1.6%, after Trump imposed tokio tariffs this week.
Although the market reaction to the series of new Trump tariff Investors are still in suspense about world trade and if the term of August 1 is definitive. This, in turn, supported the dollar, which rises 0.2% in front of a foreign exchange basket, up to 97.79, and is about to finish the week with a 0.8% gain.
“At the moment, I think Uncertainty is favoring the stability of the dollarand I would not be too surprised to stay for a couple more weeks, “said Ray Attrill, head of foreign exchange analysis of the National Australia Bank.
Bitcoin record
As for cryptocurrencies, Bitcoin reached a new historical maximum of US $ 118,125partly promoted by the demand for institutional investors. After reaching it, it moderated the AU $ s117,844 progress.
“The (…) new record reflects the Global appetite resistance due to risk even in front of tariffs Trump, as well as the high Optimism about the legislative proposals of the United States“said the DBS currency and credit strategist, Chang Wei Liang.
He referred to the measures that the US Chamber of Representatives is ready to advance in its next “Crypto Week”. Similarly, Ether rose more than 6% to a maximum of five months of US $ 3,017.81.
In the future, the market discounts higher increases for Bitcoin. The open interest (the number of pending contracts in the stock market) marked prices of between US $ 115,000 YU $ S120,000, while the installment options of September and December also record a bulky interest open to between US $ 140,000 YU $ S150,000.
Source: Ambito
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