The dollar rises by Trump's statements about customs duties over China

The US dollar has risen against most of the most important currencies, after US President Donald Trump again confirmed that it was studying 10% of customs duties on China. The Yuan has decreased a bit in foreign transactions, and the export of New Zealand dollar, affected by morale after risk, the losses against the US dollar, after Trump said it was studying the imposition of customs duties on China in response to the flow of fentanel from the country. The length of the dollar is due to reasons, including the demand for secure havenbates, as the uncertainty surrounding policies under the Trump administration leads to the generation of tension in the foreign exchange market, of which the daily transactions are $ 7.5 billion. The durability of the US economy, high interest rates and unique dollar status, as the world’s most important foreign currency currency reserve increases the possibilities of reaching the green currency for extra profits. The uncertainty of Rodrigo Caters, the National Australia Bank Ltd in Sydney, described the news as “an example of a policy that deliberately imposes a state of uncertainty by the Trump administration.” He added: “To keep the market and trading partners in the event of part of the game, which exacerbates the uncertainty and increases demand for the dollar as a safe haven.” Read more: The dominance of the dollar is the most important worker in financing America’s debt and the budget deficit. The dominance of Trump’s market movement procedures in China before its inauguration. The shares in the latest trading sessions ascended after Bloomberg reported last week that the Trump team was considering a gradual approach to raising customs duties. For this, concerns about the increase in trade tensions and the slowdown in the Chinese economy led to the direction of the MSCI index of China’s shares to enter a decline. The dollar saw volatility on Tuesday after Trump’s statements about the imposition of potential customs duties on Mexico and Canada from the first of the next February, because it is believed that the inability to predict its policies will make currencies more volatile. Strategic experts at Brown Bronhers Harramanan & Co, including Wayne Thin, in a memorandum of clients: “The narrative of the dollar’s power remains unchanged. We continue to ignore all these noise about customs duties and we believe that the final plan for customs duties will eventually be recycled for the highlight of the US dollar.”