Dollar drops at $ 5.75 after Trump exempt US automakers to pay tariffs on imports in Mexico and Canada

by Andrea
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The Ibovespa index had a slight increase of 0.28% and ended the trading session on Wednesday (5) at 123,146 points; The DXY index, which evaluates the force of the dollar, presented a drop of 1.34%

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The dollar registered a drop of 2.71% on Wednesday (5)

The ended the day with a devaluation of 2.71%, quoted at R $ 5.75. The fall was driven by the decision of the president of the United States ,. It was the greatest percentage loss of currency in just one day since October 2022. This action had a global effect, causing the US currency to lose value compared to 28 of the 31 major currencies in the world.

The index He recorded a slight high 0.28% and ended Wednesday’s trading session at 123,146 points. In turn, the dxy index, which evaluates the dollar force, dropped 1.34%. According to exchange expert Nicolas Gomes, the suspension of tariffs was a decisive factor for the devaluation of the American currency.

Beyond exemptions, There was previously tax rates of 25% on imports of Canada and Mexico, and increases the rate on Chinese products to 20%. The White House has reported that the car imports of these two countries will be exempt from tariffs for a period of one month.

*Report produced with the aid of AI

Posted by Carol Santos

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