Due to the crisis of confidence in the United States.
The dollar rises, investors make money Worldwide, the reserve currency remains within the current post of a series of statements by SBSA President Donald Trump, the country with tariffs.
This is reported by Reuters.
Investors are prepared for any unstable situation: the introduction by Trump, and then a sudden delay in tariffs on goods, imports to the United States, continue to sow confusion.
Against the basket of six dollars, the US is holding near a three-year low of 99.77.
The White House was ready to book at high prices. smartphones, computers and other electronic devices imported to Poland and China.
After that, the government was sentenced to death. Were imported, now imported semiconductors this week, including that for some companies in this sector, the budget, active flexibility.
“Right now… it’s being handled in a chaotic, hard-nosed, pushy way, and it’s spreading uncertainty. That’s what’s happening,” said IG market analyst Tony Sycamore.
The Euro
With the euro stabilizing at $1.1359, hovering near a three-year high in the 50s, old-school investors have flocked to the single currency after a crisis of confidence in the dollar.
“I think we could see the euro at $1.20 by the end of July, early August,” said IG’s Sycamore.
The growing nervousness among investors over the actions of the U.S. government was based on some of these and they were ignored from these positions and the changes in Europe that were responsible for the euro’s rise.
De-dollarization
“The market is revaluing the dollar as a global reserve currency and the effectiveness of the de-dollarization process,” wrote Deutsche Bank accountant George Saravelos in a client note.
According to him, the process of de-dollarization is not yet complete, but about the process and the process of cross-cutting new developments in the global financial architecture.
The reproduction of the Kazakh bond market last week demonstrated enormous pressure on the dollar.
“Nowhere is this more evident than the ongoing and simultaneous collapse in the foreign exchange market and the US bond market,” Deutsche Bank said.
At the end of last month, the dollar rate fell to a 10-year low. The Swiss franc for the level of 0.8188. The pound sterling has been absorbed at a rate of 1.7% in recent weeks and amounted to 1.3099 dollars. After the increase, the dollar rate rose from 0.22% to 143.24. The Australian dollar rose from 0.08% to 0.6299, continuing its more than 4% growth compared to last week.
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