The biggest weekly drop in the dollar since 2022 amid the chaos of customs duties

The dollar index has ended its worst week in more than two years with its US protectionist counterparts, which has argued that trade policies will lead to the slowdown of growth in the world’s largest economy. The Bloomberg index for the Republic of Dollar fell 2.3%to enter into the largest weekly decline based on the closing level since November 2022. Data from the Futures Trading Committee for Basic Commodities until the fourth of March showed that speculators, including hedge funds and asset managers, reduced their interests on the dollar’s rise for seven upcoming weeks. This is the lowest level optimistic about the dollar since October, before the US presidential election. The growing pessimism to the dollar comes to the strong rise in the dollar’s exchange rate, which began with the election last year, which was fueled by relatively high interest rates and promises to impose customs duties. President Donald Trump imposed customs tariffs and then postponed their implementation, creating a state of uncertainty that threw it on expectations for the US economy. This is contrary to the increase in spending plans in Europe, especially Germany, which has driven the euro to the best week since 2009. JP Morgan currency experts, led by Mira Chandan, wrote on Friday: “This week there was a shift in the foreign exchange market system, and thus a shift in our portfolio.” The team wrote that they are now selling the dollar strategically strategically the dollar for the first time in ‘more than a year’, paying attention to the exceptional erosion of the United States and the recovery in Europe. The JP Morgan joins an increasing team of pessimists over the dollar in Wall Street. Defensive spending plans support the euro and on the other hand, European spending plans have led to exchange rates in the region. The performance of Swedish Chrons was best against the dollar in the Ten Group this week, as it rose by about 7%, followed by the euro, by 4.6%. The Canadian dollar failed its peers, taxed by the risks of customs definitions. “The major financial transformation in Germany has strengthened the growth expectations in the eurozone, and this comes at a time when concerns about the prospects for growth in the United States increased,” said Lee Ferridge, strategic strategic expert. The dollar index fell 0.4% on Friday, after the data indicated the weakness of the labor market. The index later limited its losses after the Federal Reserve President Jerome Powell acknowledged an increase in the uncertainty in the expectations of the US economy, but said that monetary policy officials would not soon change monetary policy. The Commodity Futures Trading Agency said on Friday that the speculators retain about $ 9.7 billion in the form of bets on the dollar, a low 5.7 billion dollars from the previous week. Stay away from the last highlight in the luxury bets, which amounted to $ 34 billion in January.