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After US President Donald Trump called for a reduction in interest rates and advised a potential soft position against China to impose tariffs against China, the dollar against the currency basket on Friday fell to the lowest of a month.
S Dollar The index has dropped by 0.7 percent to its lowest level from mid -December, after Trump says he knows “much better” than the Federal Reserve and wants to see them “much” fall.
The euro, which has dropped sharply in recent months, jumps 0.8 percent to $ 1.05 when sterling has increased 0.7 percent to $ 1.243.
Trump also said he would not hurt China with tariffs. Investors have sold dollars this week as Trump’s extensively expected tariff announcement was not implemented immediately.
The resilience of the US central bank for the pressure of the new president is a key content for this year, fund directors say.
“The pressure on the Fed is going to be huge,” said Olivier de Laraouzier, Chief Investment Officer of the BNP Paribas Asset Management Global Fixed Income.
He added that in the next quarter, investors have “good reasons” to start price hike for 2026 and so will “closely observe” on the market fed communication in the coming months to see if Trump’s speech is closing. That is coming through the tight bias.
