He dollar He weakened on Monday in front of main currencieslike him yen and the eurodue to the Uncertainty in the markets generated by the tariff policies of President Donald Trump and its impact on the economy.
The American currency fell to a historical minimum against the Taiwanese dollar, It is 2,8150 units, amid speculation that Taiwan was allowing its currency to be appreciated as part of a commercial agreement with the United States, or at least it was not willing to intervene to stop its rise together with the strong capital tickets.
Other currencies of Asia-Pacific, such as the Australian dollar, were seen against the dollar. The Australian dollar reached 0.64935, its highest level since December last year.
The fall of the dollar against Asian currencies is partly due to the liquidation of large positions without coverage adopted by some investors, Like Life Insurance in Taiwan, given the conversations about the imposition of more US tariffs, according to Marc Chandler, Bannockburn Global Forex market chief market.
Trump insisted on his tariff policies during an interview on Sunday, reiterating that The taxes to US imports eventually enrich the citizens of the country. Sunday announced a new 100% tariff on films produced outside the US.
The Treasury Secretary, Scott Besent, defended Trump’s tariffs on Monday, emphasizing that his broader agenda, which includes tax cuts, would eventually lead to long -term economic growth.
The dollar fell 0.73% compared to Yen, 143,885 yen. In front of the Swiss Franco, he lost 0.50%, at 0.82255.
Trump said he would not try to dismiss the president of the Federal Reserve, Jerome Powell, but reiterated his calls to lower interest rates and described Powell as “rigid.” The Fed meets this week and it is expected that Wednesday maintain stable rates after a solid March payroll report.
The euro rose 0.15%, to $ 1,1316, and the sterling pound earned 0.21%, to $ 1,32950.
Source: Ambito
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