Washington (AWP/AFP)-The dollar resumes vigor on Thursday, benefiting from the optimism of the trade after the announcement of a trade agreement between the United States and the United Kingdom, the first since the salvo of customs duties launched by Donald Trump.
Qualified as “historic” by the American president, this compromise, negotiated for several weeks, will allow the United Kingdom to open up more to American products, for “several billion dollars”, “in particular for American beef, ethanol and almost all the products produced by our dear farmers,” said Donald Trump.
On the British side, Keir Starmer spoke of an “extremely important” agreement for the automotive industry and the British steel industry. In particular, the 25% tax imposed by the United States on imported cars will be reduced to 10% for British vehicles, according to Downing Street.
“The dollar is better oriented due to the trade agreement between the United Kingdom and the United States, but also because Trump has mentioned the possibility of a drop in customs duties aimed at China,” said AFP Brad Bechtel, Jefferies.
Donald Trump assured that China – with which commercial discussions are planned in Switzerland this weekend – just as the European Union (EU) wanted to make agreements with him.
He has planned that negotiations with Beijing would be “considerable” and asked that the Chinese market “will open” American companies.
-Around 6:10 p.m. GMT, the greenback took 0.65% against the euro, at 1.1228 dollars, and 0.25% against the book, at 1.3,260 dollars.
According to Brad Bechtel, “the position of the market has changed a little since the break decreed by Donald Trump in April on the customs wave that Washington intended to impose on its partners. Now, the trades “are waiting for other trade agreements to be announced,” he adds.
In parallel, Bitcoin crossed the 100,000 dollars mark on Thursday for the first time since February, also carried by the first truce of the commercial war of Donald Trump, which reassures investors on risky assets like cryptocurrencies.
Around 6:10 p.m. GMT, the most capitalized of cryptocurrencies climbed 4.67%, to 101,314 dollars.
Second largest digital currency by capitalization, the Ether was flying from 14.1% to 2,052.86 dollars.
Cours de jeudi Cours de mercredi 18H10 GMT 21H00 GMT EUR/USD 1,1228 1,1301 EUR/JPY 163,61 162,54 EUR/CHF 0,9329 0,9309 EUR/GBP 0,8467 0,8502 USD/JPY 145,72 143,83 USD/CHF 0,8309 0,8237 GBP/USD 1,3260 1,3292
AFP/Rp
