The US dollar catches its breath after hanging up a few fees on the electronics

The US dollar was a minor recovery from the recent decline, after the United States suspended the imposition of customs duties on common electronic consumer devices. However, this recovery was limited in the light of US President Donald Trump, who reduced the exception he gave to the technological sector. The dollar scored a 1% increase against Swiss francs on Monday, as well as more than 0.5% against the yen and the euro. This increase in the US currency helped to compensate part of the 2.4%loss of last week, which arose as a result of the increase in trade tensions with China, and the increase in concerns about the growth of the global economy. The strongest performance of the dollar came at the end of the week after the US administration’s step by hanging customs duties on goods, ranging from smartphones to laptops and memory flakes. This has strengthened the hope that the president could show flexibility in the implementation of his commercial war. Trump confirms the continuation of fees on the technical sector, but this satisfaction may be temporary as Trump has promised to impose specific import fees on the electronic sector for consumers, and the beginning of an investigation into the treatments of treatments for reasons related to national security. He said in a post on social media at the beginning of the trade in Asia: “No one will escape the punishment.” The dollar index fell to the lowest level since October, while technical support for the long -term rising direction was threatened with the ongoing negative momentum. “To achieve the US dollar sustainable recovery, it is necessary to reach a quick settlement of the trade war before the long -term damage to the US economy.” He added: “It is likely that the US dollar will continue to decline in the coming months at the beginning of the impact of Trump’s fees on fixed economic data, such as consumption, inflation and labor market numbers.”