The global dollar is directed to a weekly fall due to the unexpected moderation of Donald Trump against China

The global dollar is directed to a weekly fall due to the unexpected moderation of Donald Trump against China

He global dollar He played a minimum of one month this Friday after the US president, Donald Trumpsuggested a potentially softer posture about tariffs against Chinawhile Yen went up after the Japan Bank (BOJ) He raised the rates to his highest level in 17 years.

In an interview with Fox News that was broadcast on Thursday night, Trump said he thought he could reach a Commercial Agreement With the second largest economy in the world.

Investors have sold dollars after their widely expected tariff ads did not materialize immediately, unlike what he had threatened during his campaign.

Meanwhile, the euro It rose 0.7% to $ 1,0488 and aimed at a weekly gain of approximately 2.1%. The pound sterling It advanced 0.4% to $ 1,2402 and headed similar to a 1.9% increase during the week, ending three consecutive weeks of losses.

The BOJ increased rates by 25 basic points at the end of its two -day monetary policy meeting. He yen It rose to 154,845 per dollar after the political decision, but cut some profits after the governor’s press conference Kazuo Uedawhere he said that the increase in underlying inflation It was “moderate” and that the Central Bank was not “seriously behind the curve”, which suggests that there is no hurry to re -adjust the policy.

The Yen was also backed by Trump’s comments about China, to which he added that his sayings about his desire that the Federal Reserve (Fed) Cut the interest rates, which made the dollar fall in all areas.

The Australian and New Zealand dollars They were seen strongly after the statements of the US President. The Australian dollar rose 0.6% and reached a maximum of five weeks of $ 0.633, while the New Zealand dollar reached a maximum of five weeks of $ 0.5719.

The two antipodes are often used as liquid substitutes of the Chinese yuanwhich also received an impulse thanks to Trump’s comments, and the Onshore unit rose to its highest level in eight weeks, to 7,2370 per dollar.

Source: Ambito

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