The dollar in the world recovered and closed up, after playing minimum of six weeks

He dollar in the world bounced up on Tuesdayafter playing minimum of six weeks before the euro, even at a time when investors are still concerned about the possible economic damage of the commercial war undertaken by the administration of the president of the United States, Donald Trump.

“There was a great liquidation of the dollar and today it is bouncing a bit (…) I don’t think there have been many fresh news to say that the dollar turned significantly,” said Marc Chandler, from Bannockburn Global Forex LLC. “I would say that The rebound is still quite limited“

The US currency rose 0.9% against its Japanese pair, 144 yen. For its part, The euro fell 0.6%, Au $ s1,1371, after briefly reaching a maximum of six weeks of US $1,1454although it accumulates an increase of around 9% so far this year.

Inflation slowed down in Europe, while Trump’s tariffs continue to press the dollar

Previous data showed that Inflation in the euro zone slowed down the 2% target set by the European Central Bank, reinforcing the expectations of a rate cut of interest this week.

While world markets of variable income have been recovered in general after liquidation in early April Following the Trump tariff threat saga, the dollar is still under pressure.

The American tariffs on imported steel and aluminum will double up to 50% As of Wednesday, the same day the Trump administration expects countries to present their best offers in commercial negotiations.

The secretary of the Treasury, Scott Besent, said on Sunday that Trump is likely to speak with his Chinese couple, Xi Jinping, to file commercial roughness, but the Chinese Ministry of Commerce rejected angrily one day later Washington’s accusations that Beijing violated his commercial agreement.

“The evolution of trade remains crucial. The reports suggest that China is gaining influence on the United States through its control of chip and rare earth supply chains,” said Francesco Pesole, of ING.

Gold fell from four weeks old due to the progress of the dollar

For its part, Gold lost 1%, after touching a maximum of almost four weekspressured by the strongest dollar. The price of the cash fell to U $ S3.346.96 The ounceafter reaching its peak from May 8 earlier in the session. Gold futures in the United States yielded 0.8%, Au $ S3,371.1.

“We enter the summer (boreal) period, so it can be expected that the gold market enters a phase of calm or lateral consolidation,” said David Meger, director of Metal negotiation of High Ridge Futures metals.