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Stable rise of the dollar is continuing

Stable rise of the dollar is continuing

Erik Holm - Head of media

During today’s Asian trading, the US dollar is rising slightly against major world currencies. The attention of the markets is focused on news regarding US foreign trade policy.

US sales spokesman Robert Lightheiser said Washington impose import duties at a rate of up to 100% on French goods of up to $2.4 billion in response to France’s digital tax discriminating against US companies.

Yesterday, US President Donald Trump announced the restoration of barrage duties on the import of steel and aluminum products from Argentina and Brazil. The head of state expressed dissatisfaction with the depreciation of the national currencies of these countries, which makes their supplies to the States more competitive.

As of 7:00 GMT, the euro was worth $1.1074 against $1.1079 at the close of the last session. Yesterday, the dollar fell by 0.56% against the euro, which was the largest drop since September 17.

The ICE Dollar Index, which shows the value of the US dollar against six major world currencies, is growing at 0.06% compared to the previous day. The WSJ Dollar indicator, which tracks the dynamics of the dollar against 16 major world currencies, is adding 0.02%.

The pound is slightly more expensive against the dollar, at 7:00 GMT it was $1.2942 against $1.2939 on the previous business day and 1.1686 euros against 1.1680 euros.