What you need to know on Monday, February 3 is as follows.
The US dollar (USD) has a cautious attitude in response to the US President Donald Trump's tariffs on tariffs, so it gains strength on the first trading date of February. In the second half of the European session, the January inflated tone from the European Session is carefully monitored by investors. In the second half of that day, the US economic calendar will take up the ISM manufacturing PMI data in January. Meanwhile, market participants pay attention to the Trump administration's trade policy.
Today's US dollar price
The following table shows the US dollar (USD) change rate for today's listed currency. The US dollar was the strongest for Australian dollars.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | Chf | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.19 % | 0.87 % | 0.33 % | 0.14 % | 1.23 % | 0.75 % | 0.11 % | |
| EUR | -1.19 % | 0.08 % | 0.46 % | 0.25 % | 0.49 % | 0.87 % | 0.22 % | |
| GBP | -0.87 % | -0.08 % | -0.71 % | 0.17 % | 0.42 % | 0.78 % | 0.15 % | |
| JPY | -0.33 % | -0.46 % | 0.71 % | -0.20 % | 1.04 % | 1.33 % | 0.42 % | |
| CAD | -0.14 % | -0.25 % | -0.17 % | 0.20 % | -0.01 % | 0.61 % | -0.02 % | |
| AUD | -1.23 % | -0.49 % | -0.42 % | -1.04 % | 0.01 % | 0.37 % | -0.25 % | |
| NZD | -0.75 % | -0.87 % | -0.78 % | -1.33 % | -0.61 % | -0.37 % | -0.64 % | |
| Chf | -0.11 % | -0.22 % | -0.15 % | -0.42 % | 0.02 % | 0.25 % | 0.64 % |
The heat map shows the changing rate of major currencies to each other. Basic currencies are selected from the left row, and the quota is selected from the top line. For example, if you select US dollars from the left row and move to the Japanese yen along the horizon, the change rate displayed in the box indicates USD (base)/JPY (QUOTE).
Trump announced on Saturday that it will impose 25 % tariffs on imports between Mexico and Canada, and will impose 10 % of Chinese products in the United States. In response, Canadian Prime Minister Justin Trudeau has published 25 % of “extensive” tariffs on US products worth more than $ 100 billion. Similarly, Mexico's President Claudia Shainbaum announced on Saturday that it had ordered retaliation tariffs on the United States. While talking to the reporters on Sunday, Trump said that it would impose duties “definitely” for importing Europe, but to provide detailed size and timing.
In the morning in Europe on Monday, US stock index futures have decreased by 1.5 % to 2.5 %. Until then, the USD index has been increasing nearly a day around 109.50.
EUR/USD It was held in a big bearish gap, and finally a slightly less than 1.0250 transactions were seen, losing more than 1 % every day. In the Euro area, the core harmony of consumer prices is expected to rise 2.6 % a year in January.
Pressure is applied to the strength of a wide range of US dollars, Gbp/USD Stay on your hind legs early on Monday and make less than 1.2300 transactions.
During the trading hours in Asia, data from Australia has shown that retail sales decreased by 0.1 % every month in December. The reading was better than the market expectation for a decrease of 0.7 %, but could not help Australian dollars (AUD) find support. At the time of the press aud/USD 0.6140 fell 1.2 % on the day.
USD/CAD It was shot high at the opening of every week, and for the first time in 2003, it has risen over 1.4700. Similarly, USD/MXN He gathered bullish momentum, climbed to 21.2951 to the highest level in nearly three years and retreated slightly.
After setting a new record high of over $ 2,800 on Friday, gold Transactions that fix the decline on Monday and fall below $ 2,790.
Customs FAQ
Customs duties are duties imposed in the import of specific products or categories of products. Customs duties are designed to support local producers and manufacturers more competitive in the market by providing price advantage rather than similar products that can be imported. Customs duties are widely used as a protective tool, along with trade barriers and import assignments.
Both tariffs and taxes generate government income to provide funds to public goods and services, but there are several distinctions. Customs duties are paid in advance at the immigration port, but taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, and customs duties are paid by importers.
There are two ways of thinking about the use of tariffs. Some claim that tariffs are needed to protect domestic industries and deal with trade imbalance, but others may raise them over the long term, and THE-TAT tariffs. Some believe that encouraging it is a harmful tool that can damage the trade war.
In the preparation for the presidential election in November 2024, Donald Trump stated that he would use tariffs to support the US economy and US producers. In 2024, Mexico, China and Canada accounted for 42 % of the US imported products. According to the US Census, Mexico was $ 466.6 billion and was outstanding as a top export country. Therefore, Trump wants to concentrate on these three countries when imposing tariffs. He also plans to reduce the personal income tax using the profit generated through customs duties.
