The dollar fell on Tuesday, pending the realization of trade agreements between the United States and its partners, on the first day of the meeting of the American Central Bank (Fed). Around 6:55 pm GMT, the greenback lost 0.47% against the euro, at 1.1369 dollars, and 0.58% against the book, at 1.3375 dollars. “The market focuses on trade again”judge with AFP Adam Button, of Forexlive. “The White House has promised for weeks that a trade agreement is imminent” with several economic powers, “But it’s still not the case”adds the analyst.
Donald Trump said on Tuesday before Canadian Prime Minister Mark Carney that he “Would love” Finding a new trade agreement with Ottawa, while saying that he did not want cars or steel from his neighbor in the North. The Chinese Foreign Ministry said on Tuesday that the United States was to change their approach “Threatening” If they wish to reach an agreement, according to the Xinhua news agency. “We have come to a point where the market no longer wants to hear about trade agreements, he wants to see signed agreements or at least something more tangible than promises”believes Adam Button.
Romanian elections
Moreover, “The concerns continue to grow as to the possibility of an exacerbated slowdown in economic activity with the implementation of customs duties”write analysts of myex USA. On the other hand, the meeting of the Federal Reserve “Is not really an important factor” For the trade, according to Mr. Button. “The market does not expect a drop in Fed rates this week, it also does not expect any signal concerning a drop in rates in June”underlines the analyst.
In Romania, the prospect that far -right candidate George Simion won the elections on May 18 after his overwhelming victory in the first round aroused “Concerns about a possible renunciation of the country to its pro-EU position and on the government’s ability to apply a budgetary tightening”underlines Nicholas Farr, of Capital Economics. Romania displays the worst public deficit of European Union members. Faced with this political instability, the Romanian Leu fell 1.86% against the greenback, at 4.4818 LEI for a dollar, and by 2.31% against the euro, at 5.0941 Lei.
