Around 3 p.m., the American currency fell by 1.16% against the euro, to $1.0392, and fell by 1.00% against the pound, to $1.2291.
The dollar accelerates its fall on Monday, weighed down by press reports according to which Donald Trump will not introduce new customs duties immediately after his inauguration, while bitcoin is racing in the prospect of a second pro-crypto mandate.
Around 2:05 p.m. GMT (3:05 p.m. in Paris), the American currency fell 1.16% against the euro, to 1.0392 dollars, and fell 1.00% against the pound, to 1.2291 dollar.
The greenback fell sharply after the publication of an article in the Wall Street Journal, according to which Donald Trump, who takes the reins of the United States on Monday, plans to publish a memorandum asking American federal agencies to study policies and relations U.S. trade with China and its continental neighbors.
The newspaper suggests that the future head of state would thus refrain from imposing new customs tariffs from the first day of his mandate.
The market had initially anticipated that Trump could introduce customs duties of 25% on all products from Mexico and Canada this Monday, citing the fight against the entry of drugs and migrants into the United States. China is also threatened with an increase in customs taxes.
However, such a trade policy is considered inflationary by the market, suggesting that American interest rates will remain high, which had contributed to inflating the price of the greenback.
-Already at the start of the session, the dollar had faltered after “positive discussions” between Donald Trump and Chinese President Xi Jinping last week, reports Lee Hardman, analyst at MUFG, which had calmed concerns about a trade war.
At the same time, bitcoin reached a new record on Monday at $109,241.14, with investors anticipating a US presidency favorable to the cryptocurrency sector. It moved Monday around 2:05 p.m. GMT, up 3.10% to $107,891.25.
The prospect of a national bitcoin reserve reinforces “the perception of bitcoin as ‘digital gold’”, underlines John Plassard, of Mirabaud, questioned by AFP.
Fueling the euphoria of the sector, the president-elect launched his own “memecoin” on the night of Friday to Saturday, a cryptocurrency with no economic or transactional utility, riding on popular enthusiasm around a personality or a viral phenomenon. on the internet.
The success was dazzling: trading around $7 shortly after their launch, the 200 million “Trump” tokens rose to around $75 each, before oscillating around $49 on Monday.
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