The US dollar (USD) is going back again after two days of profits raised the DXY around 2% from the minimum of three years reached in the early week. The CHF and the JPY are located near the top of the night performance table, just behind the SEK and the Nok. The CAD and the MXN are firmer but are lagging behind their peers. European actions are softer and futures of US shares are down after US actions from the maximums intradicted yesterday. Treasury bonds are a little firmer, in line with other important bond markets, says Shaun Osborne, Strategist FX of Scotiabank.
China tells the US to raise tariffs before conversations
“The feeling towards the USD is still weak in the midst of uncertainty on tariff Trump suggested yesterday that Chinese tariffs could be reduced by “2-3 weeks”, but China responded by asking the US to eliminate all reciprocal tariffs and said that conversations had not yet been held.
“The message of the US administration also remains confusing. The president also said last night that he was not considering any change in automotive tariffs shortly before Bloomberg reported that ‘US officials’ ‘officials’ They were considering changes in automotive tariffs. 0.1%”.
“DXY profits earlier this week have done enough to relieve short -term overcompra signs, but they were not enough to strengthen the perspectives of a sustained rebound. The broadest tone of the USD is still soft and prone to more losses. IntradÃa support is 98.85 before a new test of the area of ​​98.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
