The US dollar (USD) rose slightly as the deadline of April 2 for reciprocal tariffs approaches. Officials said Trump will announce generalized reciprocal tariffs on nations or blocks, but it is expected to exclude some. The DXY was for the last time at levels of 104, FX analysts point out OCBCFrances Cheung and Christopher Wong.
USD can continue to be better offered in the short term
“Until now, the Trump administration does not plan specific tariffs by sector that are revealed in the same event. It was also mentioned that only countries that do not have tariff The EU, South Korea, Japan, India and Thailand are among some of the countries that could be affected (for having tariffs on US products and a commercial surplus with the US).
“The imposition of tariffs can undermine the feelings and take picos in the USD. Coins such as KRW, JPY, CNH, MyR, IDR can be affected in the short term. In addition, a certain caution persists in the face of the risks of infection in emerging markets. The arrest during the weekend and the subsequent imprisonment of the mayor of Istanbul can continue to weigh on the lyre Emerging markets today.
“The USD can continue to be better offered in the short term. The daily impulse became slightly bullish while the RSI went up. The risk of rebound is still probable in the intermediate. The resistance here is 104 (Fibonacci setback of 61.8% of October minimum to the maximum of January), 104.40 and 105 (50% of Fibonacci, 21 and 200 days). Support in 103.10 and 102.50 (76.4% of Fibonacci). ”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
