(AOF) – Well oriented on Friday and Monday, the European currency has been falling again for 2 sessions. The euro fell 0.43% to 1.0299 dollars early in the afternoon. It was weakened by a CNN report that Donald Trump is considering declaring a national economic emergency to provide legal justification for a wide range of global tariffs. No final decision has been made on whether to declare a national emergency, sources told the American media.
According to the latter, Trump’s team continues to explore other legal avenues to justify the tariffs that the president-elect is considering.
This article led to an upward acceleration in the US 10-year yield, which peaked at 4.733%.
“Overall, there is little reason for the Fed to further reduce its rates significantly,” Commerzbank explained this morning after yesterday’s publication of the Jolts report and the ISM non-manufacturing index. “And, political risks aside, there is little reason to be bearish on the U.S. dollar, even if current levels seem a bit overdone.”
Swiss
