The USD is quoting the defensive this morning again, while the US Treasury bonds are weaker (and with a lower performance) and the future of US shares are softer. The global actions are down after the US government would say that it would require Nvidia to obtain a license to export one of its chips to China. The US government also launched an investigation into the need for tariffs on critical minerals, says Shaun Osborne, head of Strategy of FX de Scotiabank.
The USD quotes softer in front of its peers while the bonds and futures of US shares
“China responded to the US calls to initiate commercial conversations saying that it is open to the discussion if President Trump shows respect. Commercial conversations between the US and Japan begin today and the president will be present. China reported a GDP of the first quarter stronger than expected (5.4% interannual) previously. The industrial production figures and retail sales were also over the expectations. The data can reflect an increase in the activity before tariffs that, almost with certainty, will significantly reduce the activity in the coming months.
“Investors continue to avoid the USD – and are cold with the assets called in USD – while commercial tensions persist. Concern persists that the USD weakens even more, either as an indirect consequence of commercial policy that reduces global imbalances (and reduces the demand for US assets as a consequence) or more directly as a result of political decisions. Dxy could have reached its maximum point yesterday around 100.25;
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.
