(Bloomberg) -After comments from President Donald Trump and his Finance Secretary comments, dollars were strengthened to all major currency.
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The risks of Australia and New Zealand's risks have decreased by 0.7 % to Asian dollars on Tuesday, but Thai baht decreased by 0.8 % and losing major losses in emerging Asia. China's offshore fell by more than 0.3 % to green back.
This movement is followed by Financial Times reports that Scott Bessent, a new head of the Ministry of Finance, supports the gradual universal tariff on importing US imports from 2.5 %. Trump has added a sense of premonition in a comment that is considering all kinds of tariffs, from steel, copper to semiconductor chips. He later told reporters that he wanted a much larger tariff than 2.5 %.
Comments ended a relatively calm period in the currency market after Trump's first week was less aggressive for trade restrictions than many people feared. The latest announcements, which came after a short trade sphere with Colombia, put customs duties on the front and center.
Rodrigo Catholil, a strategist of Sydney's National Bank of Australia, said: “The president has a protectionist agenda, which is not good for global growth, and supports the dollar as an outstanding and safe shelter.”
Bloomberg's US currency gauge has progressed by 0.4 %.
After the progress of the AI model in China, NVIDIA Corp.'s market capitalization of $ 589 billion, causing difficult questions about American technical exceptionalism, and the dollar rally continued on the wild day of the world market.
Investors, including hedge funds, have been piled up in a bullish dollar in a betting betting of Trump's policies damaging other currencies and fuel prices and increasing US interest rates.
According to data from the Product Future Trade Commission, the speculation has been accused of being brought back from the most bullish dollar status since 2019 to January 21. However, US currency sales have been proven to be a painful transaction in recent months, and green back (usually obtained from the expectation of tariffs) has moved more than 7 % in the last quarter of 2024. 。
