The US dollar (USD) is still under pressure, largely in the face of cycle -sensitive currencies, while global rental markets advance, BBH FX analysts report.
The Risk Rally weighs on the USD
“The decrease in uncertainty in commercial policy is supporting risk assets. Yesterday, US August 12. “
“However, several countries (notably the Eurozone) face higher tariff rates from August 1, a date that Besent described as a” quite strict period ‘to conclude negotiations with the US. The involvement is that the average effective fee of the US is aimed at increasing even more. “
“As of July 14, it is estimated that the rate is 20.6%, the highest since 1910, compared to approximately 8% in May and 2.4% in January. The highest US tariffs represent a downward risk for the growth of the US and an upward risk for inflation, and a continuous ballast for the USD.”
Source: Fx Street
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