The dollar value towards the Currency basket last week rose, for the first time since half of March, because they have somewhat given the trade tensions between the United States and China.
The dollar index, which shows the value of US towards the six most important world currencies, strengthened 0.4 percent last week, to 99.59 points, and moved away from the lowest levels in three years.
The euro course spao0.2 percent, to $ 1,1365.
The American currency also strengthened to Japanese, by 1 percent, so its price reached 143.65 yen.
After a multi-sized decline, the dollar was strengthened by the Currency basket, but his value oscillated significantly, SEEbiz reports.
At the beginning of the dollar index, he dived, for the first time since March 2022. year, below the level of 98 points, because the president of the US Donald Trump fiercely attacked by the president of the American Central Bank Jerome Powell.
Trump provides Powell because the president of the Fed recent months says that the central bank will not do anything on interest because it is waiting for information on how to increase customs inflation and growth and economics growth.
The Trump attack brought in question the independence of the Central Bank and its credibility, which was shaken by financial markets on Monday.
But on Tuesday, the markets calmed down because Trump told that she did not plan to change Powell, but just wants lower interest rates.
By the end of the week, the dollar strengthened somewhat towards the basket currency thanks to the leadership of investors in the release of trade tensions between the United States and China.
However, there is nothing more specific on this issue, but investors believe that some agreement will be reached sooner or later, given the relatives of the White House on the issue, seeing SEEbiz.
“It doesn’t seem to me that the situation is now much clearer than before, but all those messages, it seems, is announcing a decrease, not increasing tension,” says Fiona Cincotta, Strategy in Citi.
Despite the last season growth, the dollar is still at a loss of about 4 percent of the ‘Day of Liberation’ 2. April, when Trump announced huge reciprocal customs. Still, it seems that the withdrawal of the investors from the dollar is given.
“The dollar strengthened something, but it is definitely too early to open champagne to celebrate his recovery. We have not yet reached that,” Cincotta says.
