USD/BRL: the Brazilian currency just lost 7% of value to the USD
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Greenback edges down versus yen on surging worries over trade clashes
On Tuesday, the evergreen buck went down versus the Japanese yen during the Asian trade because worries as for the intensification of the struggle between America and its trading partners kept reducing risk appetites.
Financial markets are concerned about mixed messages from the American government as for its international trade stance.
On Monday, American Treasury Secretary Stephen Mnuchin told that the forthcoming limitations on investments from the department are going to be specific not only for China. They will also have to do with all countries, which are willing to thieve US technologies.
Nevertheless, this statement was debunked by the White House Trade and Production Advisor Peter Navarro. This statesman told that any investment limits rolled out by the current presidential administration would be focused on China, and not on other nations.
It seems that the US authorities still have several different views on the proposed limits on foreign investment. Market experts are assured that the stock and currency markets will probably nervous due to messages having to do with trade until July 6, exactly when Trump will uncover his next steps in the trade war with China.
Worries were driven by the news that after on Friday Trump had threatened to put a 20% duty on vehicles imported from the EU, the European bloc told it would have to adequately respond.
The Chinese currency headed south steeply versus the evergreen buck. The currency pair USD/CNY managed to surge to 6.5552 on Tuesday, which is its highest value since December 28. It was probably caused due to the introduction of liquidity by China’s key financial institution.
On Sunday, China’s major bank told that it would cut the amount of cash that some financial institutions are obliged to keep in reserve.
Similar
CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
USD/MXN: optimistic on the vaccine coming?
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
Latest news
BTC skyrocketed as first crypto exchange goes public!
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Will US inflation push USD further up?
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
USD, gold, Alibaba and more on April 12
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
Deposit with your local payment systems
