A late pardon on Friday for imports of electronic consumption products of the 145% tariff on Chinese goods and the 10% fixed tariff marks another concession to global markets, allowing solid profits in Asian and European actions, together with futures of firmer US actions.
The USD maintains a weak tone
“The last pause in tariffs may not last long. President Trump indicated that specific tariffs are coming by sector for electronics and chips. No one is ‘out of danger,’ he said during the weekend. The bonds have strengthened together with the actions, with the treasury yield long -term bonds that add 4pbs to yields.
“However, there is no pardon for the USD; the feeling is still weak, despite the rebound in the shares. The USD is quoting in general in the session, with only the chf and the KRW losing ground in the day. The high beta/commodities currencies are overcoming in performance due to the improvement of the appetite for the risk. Risk at 1 and 3 months for the Bloomberg dollar index – reflect a significant fall in the feeling of the USD.
“The DXY is quoting below 100 and continues to press the long-term recoil support (61.8% of the 2021/22 rally that the Fed ‘would absolutely be prepared’ to help stabilize financial markets if the conditions became disorderly.
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.
