London (awp/afp) – The dollar remains mixed on Friday, with the market remaining cautious before Monday’s inauguration of President-elect Donald Trump and after comments from an official of the American Federal Reserve (Fed).
Around 11:55 a.m., the greenback is almost stable (-0.03%) against the single currency, at 1.0304 dollars per euro. However, it gained 0.29% against the pound, still struggling due to a stagnant British economy, at 1.2204 dollars.
“After strong gains over the past two months, market participants are now awaiting confirmation that Trump will implement aggressive tariff hikes, anticipated at the start of his second term, to encourage renewed strength in the U.S. dollar,” notes Lee. Hardman, analyst at MUFG. Such measures could boost inflation in the United States, delaying further rate cuts by the American central bank – thereby strengthening the appeal of the greenback.
Various press reports in recent weeks have cast doubt on the scale and timetable of a possible strengthening of customs duties, raising the hypothesis of gradual increases. One of the Fed’s governors, Christopher Waller, also did not rule out Thursday that the institution would decide to lower its rates up to four times in 2025, if the inflation figures are well oriented.
-Mr. Waller also “showed himself open to a rate cut from March”, which “countered” the hypothesis of a firmer stance from the Fed on rates, driven by solid American employment , specify Deutsche Bank analysts. China, for its part, recorded economic growth of 5% in 2024, the lowest rate in three decades excluding the Covid period, undermined by the slowdown in consumption and the specter of a trade war with the United States. .
However, the Chinese economy “has achieved the government’s ambitious objective”, underlines Stephen Innes, analyst at SPI AM, in particular thanks to support measures from Beijing. As a result, the renminbi, another name for the Chinese currency, remains unmoved. The onshore yuan, traded in mainland China, gained 0.03% against the American currency, at 7.3288 yuan per dollar.
Later in the session, industrial production in December in the United States will also be published.
Cours de vendredi Cours de jeudi -------------------------------------- 10H55 GMT 22H00 GMT EUR/USD 1,0304 1,0301 EUR/JPY 160,50 159,83 EUR/CHF 0,9391 0,9383 EUR/GBP 0,8443 0,8416 USD/JPY 155,76 155,16 USD/CHF 0,9114 0,9108 GBP/USD 1,2204 1,2239
