1/7/2025–|Last update: 14:18 (Mecca time)
The dollar meat today, Tuesday, near its lowest level against the euro since September 2021, as it sparked a draft spending law issued by the president. Donald Trump Financial fears while fog for trade agreements continued to negatively affect investor confidence.
Investors began to bet on a faster pace by reducing American interest this year, before the issuance of a series of economic data this week, most notably the job report in the non -agricultural sectors that will be issued on Thursday.
This led to the sale of the dollar to settle the euro at its highest level in approximately 4 years at 1.1823 dollars, and showed a group of stock exchanges London The euro rose 13.8% during the period from January to June, to record its strongest performance ever in the first half of the year.
The pound settled at $ 1.3775, which is close to its highest level in 3 and a half years that he touched last week, while the yen rose to 142.87 for the dollar, and the Japanese currency rose 9% in the first half of the year, recording the strongest performance since 2016.
The dollar index, which measures the performance of the US currency against 6 other currencies, decreased to 96.40 points, the lowest level since February 2021.
Foggy
Investors face fog for efforts US Senate To pass the Trump bill to reduce taxes and spending, which led to internal partisan divisions due to expectations to raise debts US 3.3 trillion dollars.
Financial concerns led to a decline in morale and prompted some investors to diversify their investments.
The dollar fell by more than 10% in the first half of this year.
“In 2025, the American exceptional became a question. The demand for cabinet bonds has been subjected to pressure in the past few months, and the demand of foreign investors has decreased,” said Nathan Hamilton, analyst at Aberdeen Investment Company.
Meanwhile, Trump continued to criticize a council Federal Reserve (The US Central Bank) to pay it to facilitate monetary policy, and sent to its president Jerome Powell A list of central bank interest around the world accompanied by handwritten comments stating that interest rate In the United States it should be between 0.5%, as is the situation in Japan, and 1.75% like Denmark.
Trump’s stimulating attacks on the Reserve Council and Powell have strengthened investor concerns about the independence and credibility of the central bank, and Trump could not dismiss Powell because of a dispute over monetary policy, but he urged him last week to resign.
The attention of investors will be focused on the comments of Powell, who will join many other central bank heads in a forum Central Bank European in Portugal today, Tuesday.
Goldman Sachs is currently expecting that the Reserve Council this year will make 3 discounts in interest rates by a quarter of a percentage point at one time, compared to previous expectations with one reduction in December.
With the approaching date of a comment decision approaching Customs On July 9, investors are also monitoring commercial agreements between the United States and its partners, although there are no many agreements so far.