On currency markets, the value of the dollar to the currency basket last week dive into the lowest levels in more than three years, but due to the conflict between Israel and Iran on Friday the dollar was somewhat stepped away from those levels.
The dollar index, which shows the value of US towards the six most important world currencies, fell 1.1 percent last week, to 98.14 points. The euro exchange rate jumped 1.4 percent, to $ 1,1550.
The American currency weakened in relation to Japanese, by 0.5 percent, so the price of the dollar slid to 144.10 yen.
Dollar decline in the second week is mostly a consequence of the insecurity of investors due to vague, the Hirovite Customs Policy of the President of the US Donald Trump.
That is why the dollar index dived on only 97.80 points on Thursday, the lowest level of March 2022. years.
His support did not give him the news that on Tuesday, after a two-day meeting in London, American and Chinese representatives achieved an agreement on trade.
“Our agreement with China is over, it is still necessary to finally approval of the President Xi and me,” US president Donald Trump said.
He also pointed out that China will abolish restrictions on the trafficking of rare metals. “Our customs will be 55 percent, and the Chinese 10 percent,” Trump ordered.
But it did not support the US currency because, analysts say, many details of how the agreement will be implemented independently, and it is uncertain that the negotiations of Washington with the rest of the largest trading partners.
However, on Friday, the dollar supported Israel’s attack on Iran because the US currency continues to say for a safer refunction for equity in uncertain times.
“The Israeli-Iranian conflict has further disturbed investors, but the most concerned the customs and world trade. However, that conflict, dollar and gold becomes safer,” Juan Perez, director at Monex USA.
