Around 8:10 p.m., the greenback drops 0.12% compared to the European currency, at 1.0423 dollars. Earlier, he went down to 1.0438.
The dollar is without vigor Thursday, weighted by the lack of concrete ads on customs duties that Donald Trump has brandished throughout his campaign, as well as by some profits.
Around 7:10 p.m. GMT, the greenback released 0.12% compared to the European currency, at 1.0423 dollars. Earlier, he went down to 1.0438.
The dollar index, which compares the greenback to a basket of six currencies, also abandoned 0.12%.
“The progression of the dollar seems a little out of breath,” said Shaun Osborne, Scotiabank analyst.
“The markets may decide to take some profits, (…) while the concrete ads on customs duties remain absent,” he added.
Before his election, Donald Trump was determined to impose new customs duties on all imported products, to preserve the American productive apparatus. He did not rule out the possibility that they reach 60%, or even more, for Chinese products.
-The prospect of this inflationary policy, among other highlights by the Republican, had propelled the greenback in the wake of the election.
The “buck” – another nickname of the American currency – gained speed “in anticipation of an aggressive policy on customs duties introduced by the White House quickly or certainly in the first days of the administration”, noted M. OSBORNE.
Trump announced that he intended to impose customs duties of 25% on products from Canada and Mexico from February 1 in the wake of his inauguration on Monday.
Tuesday evening, the new American president also assured that his government discussed “10% customs duties on Chinese products”, “probably for February 1”. These would be customs duties of a magnitude much lower than 60% mentioned above by Mr. Trump.
Above all, no decree in this sense has been signed at the moment.
“The more the markets await that concrete measures are taken in terms of customs duties – which will be affected, with what intensity, and how long these customs duties will last – the more the dollar is likely to slip,” concluded Mr. Osborne.
