The nervousness of investors was stopped due to the global situation, while the Yen recovered thanks to solid salary data in Japan.
He global dollar Wednesday fell to its lowest level in more than a week because the nervousness of investors was appeased by a global trade war following the tariff measures of United States and China, while the yen He recovered thanks to solid salary data in Japan.
He dollar index American, who follows the evolution of the currency compared to six currencies, did 0.435% to 107.58, having previously touched its lowest level since January 27 by 107.29. Thus, it continues to fall since it reached a maximum of three weeks on Monday, when it rose to 1.3% because USA seemed willing to impose tariffs on Mexico and Canada.
Since then, the dollar has fallen around 2.1% after so much Mexico as Canada They obtained a post of a month from the tariffs, although USA and China The exports taxes of each increased, they assured from Reuters.
“In particular, the market felt relieved that China did not counterattacked too hard, and that shows that China is willing to tolerate high US tariff at the moment,” he told Reuters Adam Button, Forexlive currency chief analyst.
The strength of the euro and the yen
He euro rose 0.24% to $ 1,041 after falling up to 2.3% on Monday due to fears on the overall impact of tariffs and a possible extension of levies to European Union.
The American currency fell more abruptly to the yen, promoted by solid Japanese salary data and comments from an official of the Bank of Japan that hinted new rates. The US currency fell 1.19% to 152,525, its lowest level since December.
Meanwhile, the pound sterling It rose 0.2% after reaching its highest level in a month, at $ 1,255.
Source: Ambito
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