He global dollar It was firm this Tuesday because the president’s tariff threats Donald Trump They were interpreted more as a negotiation tactic than as a final objective, one day after the planned measures against Mexico and Canada.
However, the new Trump administration imposed additional tariffs 10% to imports from China As of noon and currency analysts said they expected the high sensitivity to tariff developments and the volatility.
He dollar index American, a measure of the value of the green ticket in relation to a weighted basket of six main foreign currencies, fell 0.43% to 108.12, while the Canadian dollar He weakened and the Mexican weight It was strengthened after Monday’s rebound, Reuters reported.
He euro 0.28% rose to $ 1.037 and Washington threatened that European Union (EU) It could be the next one in the list of countries that will impose commercial tariffs, which are expected to increase US inflation, supporting the dollar by keeping the highest US interest rates for a longer time.
“It is clear that Trump wants to negotiate,” said Marcus Widén, a SEB economist. “But at the same time, there is a basic idea that tariff income should finance tax cuts, and from that perspective, one might ask if it is possible to go back in tariff plans every time,” he added in dialogue with Reuters.
Chinese counterattack
China imposed on Tuesday tariffs on some US imports in a rapid response to the policy of the White House About Chinese products, increasing bets in a confrontation between the two main economies of the world.
“In general, measures (Chinese) are relatively modest,” said Lee Hardman, Senior MUFG exchange analyst. “This suggests that China He is careful not to counterative Trump’s last tariffs too China It could be just the first step for China after Trump threatened to increase tariffs to 60%.
Analysts also warned that it will be difficult for China and USA Reach an agreement on what Trump demands. In that sense, the Chinese yuan It rose 0.27% to 7,2796 per dollar in operations abroad. There will be no official operations with Yuan until Wednesday, since the continental markets are still closed for the one -week vacations for the new lunar year.
He Australian dollarwhich often acts as a liquid substitute for Yuan because the Australian economy is very exposed to China, rose 0.28% to 0.625 dollars, well above the minimum of Monday of 0.6085 dollars, the weakest level since April of 2020.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
