Dollar rises against the euro amid trade tensions



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New York (awp / afp) – The dollar was gaining ground against the euro in New York trade, supported by renewed trade tensions between the United States and its major partners and the words of a leader from the US central bank (Fed).

Around 20H00 GMT (21H00 in Paris), the euro was worth 1,1293 dollar, against 1,1328 dollar Monday at 22:00 GMT.

After long hesitating between rise and fall, the euro suddenly dropped after the German economic weekly Wirtschaftswoche reported, quoting "European sources", that US President Donald Trump "could impose customs duties. next week "on all vehicle imports, with the exception of Canada and Mexico.

A few days ahead of the G20 planned in Buenos Aires Argentina, analysts also kept an eye on relations between the United States and China while the US President again brandished Monday against commercial threats against Beijing.

In this context, the dollar "remains clearly an attractive value in times of uncertainty for the market," noted Lukman Otunuga, analyst for FXTM.

But the greenback also benefited on Tuesday from constructive comments by Fed Vice President (Richard Clarida) on the strength of the US economy and the importance of a gradual approach to raising interest rates ", according to Eric Theoret, of Scotiabank.

"Some were perhaps expecting it to recalibrate its message somewhat in the direction of a more cautious approach to raising rates, they have adjusted their positions thereafter," he said.

On the lookout for any indication of the bank's future decisions, traders are now waiting Wednesday to broadcast the minutes of the last meeting of its monetary policy committee and a speech by its president, Jerome Powell.

The British pound, for its part, was still down against the greenback Tuesday at 20:00 GMT, 1.2731 dollar against 1.2827 dollar Monday night. One euro was worth 88.71 pence, against 88.41 pence the day before.

On Monday evening, Donald Trump warned that the divorce agreement concluded the day before between the United Kingdom and the European Union could harm trade between Washington and London.

Comments swept by British Prime Minister Theresa May, who assured that her country will be free to negotiate trade agreements with the rest of the world.

Around 20:00 GMT Tuesday, the greenback was worth 113.79 yen, against 113.58 yen Monday at 2200 GMT.

The euro was slightly lower against the yen at 128.50 yen for one euro against 128.67 yen Monday night.

The Swiss franc rose against the euro, 1.1279 Swiss francs for one euro Tuesday against 1.1311 Monday, and lost ground against the greenback, 0.9987 Swiss francs to one dollar against 0.9983 Monday .

The Chinese currency ended at 6.9515 yuan for one dollar, against 6.9408 around 15.30 GMT Monday.

The ounce of gold was worth $ 1,213.16, against $ 1,222.40 Monday at 22:00 GMT.

Finally, bitcoin traded for $ 3,688.04, against $ 3,663.84 Monday, according to figures compiled by Bloomberg.

Tuesday class Monday class

———————————-

20H00 GMT 22H00 GMT

EUR / USD 1,1293 1,1328

EUR / JPY 128.50 128.67

EUR / CHF 1,1279 1,1311

EUR / GBP 0.8871 0.8841

USD / JPY 113.79 113.58

USD / CHF 0.9987 0.9983

GBP / USD 1.2731 1.2827

afp / rp

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