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The dollar last week’s labor market, after significant losses due to concerns about a global commercial war, raising a new compromise, yen and Swiss franc lifted the franc and caused investors safe ventilators.
Bloomberg | Bloomberg | Getty pictures
In November, Wall Street conventional wisdom was the president’s selected Donald Trump’s tariff plans increase US dollars. Instead, with the tariffs on the spot, concerns that are concerned about a recession approaching, no positive benefits for greenery.
This Ice US $ Index On Wednesday, Trump’ın tariffs were sold up to 104.31 before opening. It followed the announcement and hit 3% in about 241.27 on Thursday. Even with a modest ribaund on Friday, the index ended during the week and is weaker than the presidential election in November.
“Trump’s tariffs are already hitting the US economy, and this is not what investors are waiting. Chris Turner “Investors expected the tariffs for the rest of the world. But I think this maximum tariffs were not in a strong state to take these maximum tariffs.”
The US dollar index fell sharply after the announcement of the United States tariff announcement.
Trump spoke positively in different times in different times, the traders have clearly made the election as a push for Greenback. Dollar index Rated sharply after Trump’s victory On November 5, in mid-January, it continued to rise in the next two months of 110 more than 110.
Since then, the index has been increasing economic weakness in the United States and Trump’s trading policy is more aggressive than the bargaining of Wall Street.
In work, the head of the ETF strategy, the head of the ETF strategy, is still hopeful for the results of “short-term pain, long-term earnings”, but market trust said.
“The currency reflects the health of the economy and therefore we are very concerned at this time. We believe Trump has a plan, but we do not know what this plan is,” Krisey.
Flight to safety
Foreign currencies have recently been transferred equally against the dollar to make sure.
As traditional safe paradise currencies Japanese yen and Swiss franc I saw the biggest gains. But as more economically sensitive currencies Australian dollar Those who are closely related to goods are, especially against the goods against each other that seemed “more traditional risk day” on Friday.
In other active classes, the flight of security has a mechanical effect on the currency market. For example, the fall of US Treasury productivity is less attractive to maintain foreign investors and gather bonds, and includes foreign investors in the road to the placement of US capital, domestic stocks, and sell greenery along the way.
This euro Proven an exception to risk-off trading, then it rose to Greenback last week, although it is usually considered a small security game. Krisey said that in Ukraine’s potential peace deals, which are growing optimism and more than countries such as Germany, said government expenditures increase the euro.
“This new (Trump) management was strange that the management of the leadership would help them take their homes in order to seem alike and more attractive,” Kriskey said. The bet is one of the use of the odds for the rise of the euro INVESCO DB USD USD index Bear and Foundation (UDN).
What is the next
The good news for investors is that this week does not seem to risk the acute movement in the foreign exchange markets immediately for the economy or financial system. Amol Dhargalkar, who is in common in Chatham Financial, can be more aggressive in hedging currency risks in those days, but these corporations should not have a major trade loss.
“Their main goal, in most cases, in currency, the main goal is to really reduce the risks,” he said.
Although there are hedging funds on the wrong side of the dollar, the currency market is sold in a very deep and active world, which can act in almost a large number of actions.
“This is in the range of the market in which the market can digest,” Ken Miller, portfolio manager ETF (fox) simplify the currency strategy and the company’s trade leader. He faced a positive about the state of foreign exchange markets that faced this week in 2008 this week. “It was a completely different animal in these banks and was at risk and the other parties were at risk. I do not feel here.”
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