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 goes down, as trade fears flare up
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment.
Tracking the greenback’s purchasing potential versus its main rivals the USD index went down by about 0.46% being worth 94.07.
American leader was generally anticipated to announce another 10% duties on $200 billion in China’s products, although some told that the administration decision to decrease levies had tame worries of a full-fledged trade conflict.
The fresh 10% duties are below an original reading of 25% imposed by the presidential administration earlier. Another round of duties shows up a week ahead of another round of trade negotiations between American and China. The Asian country pledged to come up with countermeasures if American proceeds with its initiative to impose levies.
The currency pair AUD/JPY managed to ascend by up to 0.36% being worth 80.45. At the same time USD/JPY dipped by about 0.07% trading at Y111.97.
Australia’s economy relies mostly on exporting raw materials, especially to China that accounts for nearly a third of Australian exports annually.
Market participants are still edge in the face of further trade clashes after Trump promised further levies on trade partners who are unable to make fair deals.
A stronger UK currency also kept the evergreen buck in the red because market participants appreciated reports of upbeat remarks on Brexit from the European Council.
The currency pair GBP/USD jumped by up to 0.60% trading at $1.3149.
The currency pair EUR/USD added by 0.59% showing $1.1691 in the face of in-line consumer inflation data as well as optimism Italy is going to deliver a budget within the EU guidelines.
The currency pair USD/CAD went down by 0.08%.
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
Which companies will publish EPS on April 19-23?
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
Citi: strategic change ahead?
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
Markets after US retail sales
What's moving markets on Friday? What is the hottest news? Let's find out!
Deposit with your local payment systems
