Effects of trade war lead to the price of fuel

by Andrea
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Effects of trade war lead to the price of fuel

This week is marked by volatility in the financial markets. Uncertainty did not only affect the bags and also moved, for example, with oil. One of the consequences comes to the week to the pocket of Portuguese consumers.

If you need to supply It may be worth waiting for next week. The largest descent of the last months is foreseen in the price of fuel about 6 cents per liter in diesel and 7 in gasoline and The trade war we are watching helps to explain it.

Beyond Break in Oil Searchthe energy sector is reacting. The price of the barrel began to go down a few weeks ago. At the beginning of the month around 75 dollars and is now close to 60.

Other effect It has been the appreciation of the euro in the face of the dollar. As the price of the barrel in international markets is expressed in dollars, In Europe we got Buy the same for less.

Weaker dollar facilitates exports

If at the end of last year Donald Trump’s victory gave strength to the dollar, At this moment the Euro is worth more in the market. Which is not totally bad for the United States. With the weakest dollar, the Exports become cheaper and US importers have less purchasing power in relation to the rest of the world.

In times of economic uncertainty, o Gold is seen by many as a refuge And this crisis is not fleeing the rule. This year already valued more than 20% E ista foi a Best week of the last five years.

Interest of US Treasury titles fired

It would be to expect the same to happen with the United States Treasury titlesmThe many of the investors who had them sold them. Put this price dropped And interest, especially in the long run, have fired in recent days.

For many analysts, It may have been the reason why the Trump administration decided to break in tariffs. Advances and setbacks in decisions and reactions What makes Impossible to know if the worst has passed.

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