At the same time, the dollar index, which follows the evolution of this currency with respect to a basket of six main currencies, drops 0.1% to 104,180, near its lowest level since the end of October.
While the futures in Wall Street They fall strongly, the dollar loses this positions Thursday, March 6registering minimum of four months in the face of uncertainty around commercial tariffs, while The euro rises after Germany’s fiscal announcement.
Thus, the dollar index, which follows the evolution of this currency with respect to a basket of six other main currencies, It drops 0.1% to 104,180, near its lowest level since the end of October.
The dollar falls after tariff exemption
Dolk losses occur after President of the United States, Donald Trump, made an exemption One month for American car manufacturers of recent tariffs to Canada and Mexico. Reports show that Trump is also considering including agricultural products in the exemption.
The measure promotes some bets that Trump’s tariff plans They will not be as radical as initially feared, which contributes to boost interest in risk and moves more traders of the dollar.
Trump Super Dollar Markets
“The United States granted an exemption from T-MEC to cars, which have strong cross-border supply chains with Canada and Mexico and have been identified as the potentially most vulnerable sector to new 25%tariffs,” Ing analysts say in a note.
“Both currencies quote lightly up week after week, since the negative revaluation of the USA continues to prevent that The dollar benefits from US tariffsand the markets are not fully valuing durable tariffs. “
The “black gold” in the sights of investors
Brent’s technical behavior is being very complicated since drawing the annual maximums in the middle of last January.
Since then, oil, known as “black gold,” lost more than 15%. These strong falls have led him to leave each and every one of the supports that has been found in his way. Attentive that it seems that it is also drilling the key support of the US $ 68.68, minimum of last year. Its behavior at this price level is key. If you end up confirming your abandonment, the most normal thing is that we can end up seeing an extension of the falls to the level of US $ 60.
Source: Ambito
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