The dollar has dropped to the lowest level since 2023 after Trump's threat to Europe and 'Apple'

The US dollar has dropped today and its losses have continued to be more than 7%since the beginning of the year, after US President Donald Trump threatened to impose new customs duties on the European Union, which in turn raised the fear of investors across the global trade policy. The Bloomberg index for the immediate dollar fell 0.6% and has approached its lowest level since December 2023. Trump presented the idea of ​​drawing up 50% fees for the goods received from the European Union, indicating the absence of progress in commercial talks. This has caused the progress of the euro against the dollar, which is already under pressure under financial and political ambiguity. “The significant increase in customs duties on US imports of the European Union is again at the forefront of the possibility of economic recession in the United States, as well as the increase in the political and economic level uncertainty.” This new drop in the dollar made unrest in the 7.5 billion dollars currency market. Although the Trump administration has recently reached agreements with some countries, the state of public uncertainty has weakened the US dollar’s attraction as a safe haven. On the other hand, inflationary expectations rose and currencies in safe haven such as the Swiss Frank, Japanese yen and the euro advanced. The euro was traded with a value of 0.5% against the dollar on the New York Stock Exchange this morning, and the euro rose 0.8% before Trump threatened. The Japanese yen also jumped 1.1% to trade at the dollar at the level of 142.45 today. “The anxiety associated with the US budget indicates that the market is still reconsidering the superiority of the US economy,” says Jin Foley, a strategy at Rabobank in London. She added: “Whether the cause of the budget is anxious, inflation or growth, investors have become more careful about US assets, which still push the dollar.” The weakness of the US dollar, the JP Morgan aset Management Fund, said the dollar began to enter a period of twice as much as a few years, with international investors reducing their excessive investment centers in US assets. The market is more likely to bet on the decline of the US dollar with the worst of the trade war during the current year. The speculators – including hedge funds and asset managers and others – have about $ 16.5 billion in investment centers that bet on the US dollar weakness, which is near the highest level since September, according to the data of the future commodity committee for the week ending. David Formster, along with a group of strategic experts in ‘Credit Agricole’. pace, as the damage to the currency has already occurred. has led to a decline in the share price of the business, and increases the general sense of unstable policies that are difficult to predict. A team of Bank of America, led by Mekhalis Rosakis, and Clado Peron, wrote: “Financial problems have provoked twice the dollar. The value of the US dollar still reflects a negative risk allowance, as the uncertainty associated with customs duties from a temporary issue was to a structural problem.”