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This Tuesday (4), the dollar Fall mark over 0.50% in the index Dxybasket of the main foreign currencies, the lowest level since December 9, 2024.
Seizures with potential trade war and its effects on world economies could boost the US dollar. However, weaker recent economic data pressured US currency • 28/04/2017 Reuters/Dado Ruvic
At about 2:10 pm, the US currency lost about 0.52%at 106,187 points.
The dxy index measures the performance of the US dollar against a basket of global currency, and each has its weight in the composition of the list: Euro (57,6%), One (13,6%), Libra (11,9%), Canadian dollar (9,1%), Swedish crown (4,2%) e Swiss Franco (3,6%).
Seizures with potential trade war and its effects on world economies could boost the US dollar. However, weaker recent economic data pressured US currency.
“Although the US expands its fares to Canada and Mexico, low internal economic activity prevents marked appreciation of the dollar, even with new tariffs,” Chris Turner, Global Turner of Ing, told Reuters agency.
US construction spending fell 0.2% in January, and investment in residential construction fell 0.4% in the same period, according to data from the US Department of Commerce.
The US industrial PMI fell from 50.9 in January to 50.3 last month, according to information from the Supply Management Institute (ISM).
In this context, many investors opt for assets considered safer. The Japanese yen and the Swiss Franco have a rise of almost 1%, reflecting concerns around global economic growth and the effects of tariffs.
The Canadian dollar values about 0.45%, being negotiated at 1,4471 per US dollar. In the trading session on Monday (3), it ended the session at $ 1.4542, the lowest level in one month, after confirmation of tariffs by the Tump government.
The euro advances in the absence of tariffs over the European Union and the narrowing of the difference between the income of US and Eurozone securities, making the dollar less attractive to investors.
The European currency reaches US $ 1.0547, the highest level since December, up 0.5% compared to Monday (3).
The appreciation of the income of the Eurozone government titles in relation to those of the USA also contributed to this movement, driven by Trump’s retreat in supporting Ukraine, which increased the expectations of greater indebtedness and defense spending.
The market now awaits the European Central Bank meeting on Thursday (6), with investors pricing a new cut of 25 base points at the block’s interest rate.
Income from US Treasury titles due in 10 years fall on Tuesday to 4,115%, lower level since October.
The sterling pound also records a 0.3%increase, being quoted at $ 1.2744. Against Japanese yen, the dollar retreated 0.9%, closing at 148.17 yen per dollar, the lowest quotation since October.
