The US dollar drops to a low level with the continuation of the fees crisis

The US dollar fell for the fifth consecutive day, as traders ignored the United States suspension, which imposed some customs duties on electronic devices, and after President Donald Trump reduced the exception he granted to the technological sector. The Bloomberg Instant Blue index fell 0.4% on Monday, after 2.4% fell last week amid the increase in trade tensions with China and the fear of delaying US economic growth. The index has been with almost 6% low since the beginning of the year, which is the lowest level since October. The dollar resumed its decline, after Trump said on Sunday that he would continue to apply customs duties to telephones, computers and ordinary electronic devices of consumers, reducing the importance of the previous release as a procedural step in its efforts to reform US trade. He said in a post on social media at the beginning of the trade in Asia: “No one will escape the punishment.” The conditions for a dollar sustainable recovery have dropped to the lowest level since October, while technical support for the long -term rising direction 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.”