He global dollar I went up this Monday after the US president, Donald TrumpHe warned that there were more imminent tariffs, even about steel and aluminum, although future Americans and European actions ignored imminent taxes and rose.
Investors reacted by promoting the dollar slightly upwards, with the index following the US currency rising just over 0.1% from the closing of Friday, to 108.17.
The Japanese currency It rose 0.59% against YEN, which had its best week since November last week, since investors bet on more increases in types of types of Bank of Japan. He euro It remained stable at $ 1,0329. He dollar It rose in front of the coins of the export countries of raw materials before moderating. He Canadian dollar dropped 0.2%.
“It is likely that the great uncertainty about the nature, moment and magnitude of these tariffs keep the dollar backed this week,” he said Chris TurnerGlobal Market Director of the European Bank ING, in dialogue with Reuters. Turner also warned about the risk that Trump will impose reciprocal tariffs on many countries, as he said on Friday, which could shake coins around the world.
The effect on the actions
Futures of US actions initially fell, but quickly recovered as investors expected another busy week of results. The contracts of the S&P 500 They rose 0.35 %, after the cash index fell 0.95 % on Friday.
The Actions They were shaken by some mixed earnings figures last week, although the general growth of earnings per share is 12% and above the initial expectations of 8%. The European Continental Index Stoxx 600 0.28% rose in the first operations after falling 0.38% on Friday.
The actions of some European steel manufacturers fell, including Arceormittal, based in Luxembourg, and the Salzgitter from Germany.
Tariff policies, more inflation?
Analysts say that tariff United States Federal Reserve (Fed) flexible its policy, which has supported the US dollar since Trump’s re -election.
The markets had already reduced the expected cuts for this year to only 36 basic points, from around 42 basic points, after a largely optimistic payroll report on Friday.
The president of the Fed, Jerome Powellwill appear before the House of Representatives Tuesday and Wednesday and the impact of tariffs on politics will surely be a hot topic.
The United States Treasury Bonds They fell slightly on Monday, and 10 -year bond yields rose 1 basic point and were located at 4,497%. The yields move in the opposite direction to prices.
“The markets are taking calm the events that are taking place,” he said Nathan argue, Hargreaves Lansdown Actions Research Head. “The actions in China and Hong Kong They went up during the night. Perhaps due to a combination of commercial restrictions that were not as severe as the hope of a greater Chinese stimulus could have already been, “he added.
Source: Ambito
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