The dollar on Tuesday scored its largest daily rise in almost four weeks – in front of a semant of currencies – for the new tariff threats of the US government And because the concern for the Appearance of a low -cost Chinese artificial intelligence model.
The dollar index improved 0.52%, to 107.72 units, which represents its most important daily progress since the beginning of the year.
The President Donald Trump said Monday that Plan impose tariffs on computer chips, imported pharmaceutical products and steel, in an effort to get them to manufacture in the United States.
The Secretary of the Treasury, Scott Besentwhich was confirmed by the Senate on Monday, was also pressing in favor of Universal tariffs on US imports that begin at 2.5% and gradually increase in the same amount each month, He reported the Financial Times.
The renewed interest in tariff Free open source of the Chinese emerging company Depseek challenged the generalized belief on the domain of the American giants of the sector, such as Nvidia and OpenAi.
The dollar was seen in front of the yen
The dollar showed 0.6% to its Japanese pair, 155,52 units, on the way to cut three sessions followed by losses. In front of the Swiss Franco, he won 0.21%, at 0.904 units, after two consecutive days down.
“I think there are two stories that occurred simultaneously and one is disappearing,” Steve Englander said by Standard Chartered Bank in New York.
“The problems in AI initially were a risk aversion factor from the point of view of the variable income. And that led to the dollar to be appreciated (…) and the Yen and the Swiss Franco did well in that world because They are shelters. He added.
Finally, the euro fell 0.55%at $ 1,0433; While the sterling pound lost 0.45%, at $ 1,2444.
Source: Ambito
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