The dollar drops with Trump's intention to impose retaliation descriptions

The dollar dropped at the lowest level during the session, with traders thinking about the influence of President Donald Trump’s plan to move forward to set up the definitions of the re -view on countries dealing with the United States. The Bloomberg’s immediate dollar index fell 0.7% on Thursday, after Trump signed an order that could lead to new fees by April as soon as possible. The yen rose 1.1% to 152.71 per dollar due to the demand for safe ports, while the Canadian dollar scored its highest level this year. “The market is still careful about the news headlines associated with customs rates, despite the lack of details of what will already be implemented,” says Skyla Montgomery King, Currency Strategy Officer at Barclays Bank. Trump’s retention definitions have signed an order that makes the commercial representative of the United States and the Minister of Trade to represent new customs definitions based on each country separately. Trump also said it is aimed at not facing commercial barriers such as value -added taxes. Also read: Trump intends to reveal the duties of the retaliation these days, Howard Lootnick, a candidate by Trump to the presidency of the Ministry of Trade, explained to reporters that all studies should be completed by the first of April, and that Trump can act immediately afterwards. “What seems to be the many signals for the value -added tax puts the euro area in the target goal, but there is not enough information or any clarity on the details,” says Helen Jeffen, a foreign exchange traded at Monex. The dollar at a currency basket that the euro rose 0.7% to $ 1,0457, which is the strongest level since January 30. The euro continued its profits for three consecutive sessions, which are the highest range of profits. The British pound also provided 0.9%, and the Swiss franc was one of the best currencies in the ten group, with 1.2% traded at 0.9031 per dollar. Despite the decline in the dollar, the long -term view is still positive, according to the ‘fear and greed’ index, which is one of the dollar’s Bloomberg index components. Trump’s influence on the dollar so far has led the promises of the new US rates to increase the value of the global reserve currency, as investors seek safety amid the fear that these fees will lead to a disturbance of the global trading flow and inflation in the United States. “The dollar was somewhat volatile, but the new determination of traders not to trade based on the news that is only distributed seems to keep stability to the point unless there are more concrete measures,” Helen of Monix said. Also read: Japan requests America’s release of these fees. The news regarding customs tariffs was a burden on the currencies of emerging markets, which usually rose after the announcement. The MSCI index of this group increased by 0.3% by 02:20 in New York. The Mexican Bezo, which varies due to news of the definitions since Trump has held office, strengthened its profits to reach his highest level during the session against the dollar, which compensated his losses earlier in the day. At the same time, the Canadian dollar rose 0.7% to trade at 1,4205 against the dollar. Earlier this month, Trump announced that customs tariffs are 25% on his neighbors in North America, but he postponed their implementation after the negotiations. “This ad again seems like a negotiation tool more than a real policy, and in the end we may not see much definitions in the implementation,” says Marco Ovido, a strategic analyst at XP Investmentos.