The global dollar rises for the possibility that Donald Trump will increase tariffs to Canada and Mexico

The global dollar rises for the possibility that Donald Trump will increase tariffs to Canada and Mexico

He global dollar It rose in the early hours of Friday while world markets continue to prepare for the increases in import tariffs USA and for the cut of interest rates in Europe At the end of a month agitated worldwide.

He dollar index —That measures the performance of the green ticket in relation to a basket of six international currencies of international relevance – rose 0.49% to 108.28 units after the president of the United States, Donald Trump, The show was stolen again yesterday to keep the markets in suspense about the scope of the 25% promised tariff Canada and Mexico Saturday.

“We may do it or may not. We will probably make that decision tonight,” said the Republican, when asked if the tariffs would cover the oil Canadian and Mexican.

With the aim of pressing the two largest commercial partners in the United States to take measures to detain illegal immigrants and fentanyl shipments, Trump said that the level of American tariffs “may or may not increase over time.” Consequently, the Canadian dollar It played minimums of almost five years after losing 1% in a week in which the Canada Bank cut the interest rates; and the Mexican weight He stabilized after his pronounced fall in the previous session, but headed to his worst weekly performance since October, with a drop of almost 2%.

On the other hand, although the Federal Reserve (Fed) He stopped his rates cut campaign this week, the reason for the flexibility of the European Central Bank (ECB) It was underlined by the news of a contraction in German and French economies in the last quarter of last year, and the readings of inflation January France and the main German states were also below the forecasts.

ECB sources told Reuters that another rate cut in March is likely to be applied without much resistance among those responsible for monetary policy before the debate between them on greater flexibility is acalore. Other reports said the Central Bank could stop describing its monetary policy position as “restrictive” after the March decision.

With the Fed on hold, the panorama of the economic data It was mixed. The growth of the gross domestic product of the fourth quarter was slowed to 2.25%, in general as expected after the commercial report of the previous day, but the weekly applications of unemployment subsidy also fell more than expected. On Friday, the December reading of the indicator of Inflation of personal consumption spending (PCE) Favorite of the Central Bank, and the “basic” annual inflation rate is expected to remain stable at 2.8%.

The dollar in Uruguay is heading for a negative month

In Uruguay, Meanwhile, the dollar rose 0.17% compared to Wednesday and closed at 43,330 pesos in the interbank price of the Central Bank (BCU), thus cutting with two consecutive days down and operating with ups and downs inside the 43 pesos strip.

The green ticket now accumulates a monthly (and annual) decline of 1.67% in January, since its price was 0.74 pesos below that registered at the end of 2024, and heads to close the first month the first month of the year in negative field.

Source: Ambito

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