The Japanese yen and Swiss franc rose on Monday, with the trend of traders to the classified assets as secure ports, after US officials expressed their challenge for the issue of commercial fees, and at the same time noticed that any negotiations on a possible reduction in these drawings would take a long time. The Japanese currency rose 1% to 145.41 yen against the dollar, while Swiss franc rose 0.7%, amid a stretch of the wave of reluctance to risk for the second week consecutive. On the other hand, the Australian dollar fell 0.7%, which made declines in the list of important currencies in the markets of developed countries. This ongoing trend to secure Cortex instruments came after US administration officials launched limited signs of the weekend, relating to US President Donald Trump’s readiness to return from mutual customs duties imposed last week. US Treasury Secretary Scott Besent said that trade issues “cannot be negotiated and resolved within days or weeks.” Strict statements of the US administration that worries global markets in this context, says Nick Todel, the chief analyst at Global Markets in Sydney: “If Trump continues his strict approach, we will show more high risk losses.” He added: “The transactions that last months after completion are not a good thing for global trade, and it probably does not match what the investors expected of this administration, which has shown over the past few months in preparation for the rapid haven of customs duties.”
Safe ports are back to the fore
