The dollar weakened to the lowest levels in more than three years, Euro grew strongly

The dollar index, which shows the value of US towards the six most important currency, fell 1.5 percent last week, to 97.25 points, near the lowest level since March 2022. years. Years.

The euro exchange rate jumped 1.7 percent, to $ 1,1720, near the highest level since September 2021. years. The American currency weakened in relation to Japanese, by 1 percent, so the price of the dollar slid to 144.65 yen.

For a long time, the dollar is under pressure because of the vague, the Hirovite Customs Policy of the US President Donald Trump.

During the Israeli-Iranian war, the dollar strengthened something because traditionally considered a safer refuge for capital in uncertain times. But at the beginning of last week, when these two warring countries reached the arrogair agreement, the dollar was again found under pressure.

The more that the speculation rave that the American Central Bank will reduce the American Central Bank to reduce more sharper than expected. Namely, as in the first quarter of American gross domestic product (GDP), it has fallen by 0.5 percent per year, part of the investor expects three fed interest rates in this year, starting from July.

However, the market is estimated that there is only about 20 percent that the FED seems to reduce interest in July, and much more to do so in September. In addition, they are considerably higher the chances that interest will be reduced into two, not three times by the end of the year. However, the speculation on sharper income cuts reheat some Fed officials who say that the increase in customs has not been more sensitive to inflation growth and therefore there is room to reduce interest.

In addition, Trump constantly tells that interest should be released under the President of the Fed Jerome Powell, which, the FED should not be rushed to wait for information on how the Customs increase has affected economy and inflation.