(London) 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 ahead of a second pro-term mandate. -crypto.
Posted at 10:57 a.m.
Around 9:05 a.m. (Eastern time) (3:05 p.m. in Paris), the American currency fell 1.16% against the euro, to 1.0392 dollars, and fell by 1.00 % against the pound, at 1.2291 dollars.
The greenback fell sharply after the publication of an article from Wall Street Journalaccording to which Donald Trump, who takes the reins of the United States on Monday, plans to issue a memorandum asking American federal agencies to study the United States’ trade policies and relations with China and its continental neighbors.
The newspaper suggests that the future head of state would thus refrain from imposing new customs duties from the first day of his mandate.
-The market had initially anticipated that Trump could introduce 25% customs duties 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 commercial policy is considered inflationary by the market, suggesting that American interest rates would 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.
