A collective height of Asian currencies amid a wide weakness of the dollar

Most Asian currencies have risen with the fall in the dollar, at a time when investors are awaiting new news about trading that can determine the demand for US assets. The “Bloomberg” index of Asian currencies has risen to the highest level since October, with increasing concerns about US economic expectations, leading to a decline in demand for the dollar. The yen increased by 0.5% after the Governor of the Bank of Japan Kazo Oida indicated to its intention to continue to raise interest rates as the economy improves. The Taiwanese dollar also recorded profits for the sixth day in a row, while Asian stocks vary between climbing and landing. US Treasury bonds have increased slightly as the yield on bonds has dropped ten years. Japan’s tires also rose 40 years before an upcoming auction. The “S & B500” futures and “Nasdaq 100” became more than 1%, retaining their profits from Monday. The attraction of the US currency refused to take off in the “Bloomberg” index of the dollar for the third day, on his way to its slightest closure since July 2023, in light of the poor demand for US assets. President Donald Trump’s threats of imposing customs duties and fear of exacerbating the US financial deficit is clearer about the performance of the dollar, which weakens its attractiveness. The Chinese People’s Bank has almost set the reference exchange rate of the yuan in accordance with the average expectations in the “Bloomberg” survey, and with the immediate price, indicating that Beijing reduces its support for the currency in light of the fall in the dollar. “Any additional news about customs duties can add more fluctuations to the foreign exchange markets and pay the dollar to decline,” wrote Christina Clifton, the main economist and currency strategies in Commonwealth Bank of Australia. The dollar index fell by more than 7% this year and is on their way to eradicate all its achievements in 2024, which has been the best since 2015. The dollar is a witness to a decrease with the escalation of anxiety about customs duties and the financial situation of the US government, especially in light of the plans to expand the tax cuts approved during the first term of Trump. Customs’ decisions wrote Chris Weston, head of the research department at the group ‘Bibreson’, saying: ‘Somehow all roads lead to a weaker dollar.’ He added that “the high deficit in the United States expressed concern about the increase in the issuance of treasury effects in the future, which increased the term bonus and forced investors to stay away from the dollar.” Customs’ addresses lead the scene again after the European Union agreed to accelerate its trade negotiations with the United States, which led to the rise of shares on Monday. In Japan, returns in the high term, of which the legal period exceeded 30 years, decreased before the auction on Wednesday, which is expected to test the appetite of the market after a previous sale that caused the concerns of the global markets. The revenue of the thirty -year thirty -year bonds has dropped by 10 basis points in Tokyo to descend in recent days, after rising to record levels last week. The use of the Yuan, the Chinese People’s Bank, of the senior lenders, increased the percentage of the use of the yuan to facilitate the border trade, in its latest efforts to improve the use of the Chinese currency worldwide in light of the Gulf of US Customs Lights. Trump’s direction to return the factories to the United States arouses a response from the government of President Xi Jinping, which is considering options to improve the production of advanced technological goods. Some of the most important events this week are the announcement of the results of “Invidia” Wednesday. The Chip Industry Giant is an important indication of the performance of growth stocks and the continuity of artificial intelligence boom. Its expectations will be essential in light of the economic risks and uncertainty associated with customs duties. Investors are also preparing to issue the preferred scale of inflation in the Federal Reserve, which is the personal consumer spending index, with the exception of food and energy, scheduled for Friday. Expectations indicate a 0.1% increase for April.