The dollar fell on Monday, in the absence of a real change on the trade war between Washington and Beijing, still weighted by fears about the American economy while several key indicators will be published this week. Around 7:20 p.m. GMT, the American currency fell 0.48% against the euro, to 1.1419 dollars, and released 0.86% against the pound, to 1.3429 dollars. “For the most part, it is simply a consolidation of the markets (then) that there was no news on the trade warfront”estimates with the AFP Shaun Osborne, of Scotiabank.
The American Minister of Finance Scott Bessent said on Monday that American customs duties on products imported from China are “Not tenable on the Chinese side, so they may decide to call me”he also said, believing that the United States was in a better posture. China assured Monday that no telephone call had taken place recently between President Xi Jinping and his American counterpart, contradicting the claims of Donald Trump who says he spoke with the Chinese leader.
Bovers are also backwards as the salvo of economic data approaches, in addition to many business results. Wednesday, the publication of the official PCE index, inflation gauge privileged by the American central bank (Fed), as well as that of the United States GDP for the first quarter, was expected during which Donald Trump returned to the White House and started to make spectacular economic decisions that rocked the national and international economy.
Friday, investors will host data on job creations in the United States by private companies, according to the ADP/Stanford Lab monthly survey. “The unemployment rate should remain stable at 4.2 %, a sign that the American labor market is affected, but that it is not yet completely collapsed”projects Kathleen Brooks, analyst at XTB
