With a new month running, the US dollar (USD) is again defensive, supporting the idea that some of its profits at the end of May could have been related to the demand for the end of the month. But the beginning of June also brings another broader weakness in US assets; The USD is lower together with futures of softer actions and Treasury bonds of the US weakest so far – while the awkward trade pattern that has arisen over the last weeks, says Shaun Osborne, head of Currency Strategy of Scotiabank.
USD widely weaker, actions and bass bass for steel/aluminum tariffs
“On Friday, President Trump announced 50% tariffs on steel and aluminum, while China responded in the same way to US accusations that he had not fulfilled the commercial agreement reached in Geneva last month. Beijing promised to take measures to protect their own interest After not being able to maintain the profits obtained around the suspension/reprieve oscillations of tariffs last week reflects a high degree of discomfort between the perspectives of the investors. “
“Commercial and tariff tensions are at risk of decelerating US growth and increasing inflation in the US Americans.
“There are many data that markets must process this week, including NFP data on Friday. But it is not clear that the data series has a lot It suggests that this can be soon.
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.
