The dollar index has dropped to the lowest level this year, influenced by the weakness of retail sales and uncertainty over US Customs Dutight policy, which increases the doubts about the capacity of the US currency to achieve more profits. The Bloomberg Instant Blue index fell 0.5% on Friday and recorded the lowest level during the session, after strengthening the poor retail sales data for January that the US Federal Reserve will lower interest rates more than expected this year. On the other hand, the euro continued its profits for the fourth day in a row and reached its highest level in three weeks, a day after US President Donald Trump’s statements about customs duties, which include no imminent measures against European countries. The lack of certainty pressure on the dollar, the more expected data and the ongoing lack of certainty about customs duties led to the chances of achieving more profits in the US currency. The dollar recorded its highest level in more than two years earlier this month, amid the expectation that the power of the US economy will hold interest rates, along with the fear of the rules that investors have urged to use the dollar as a safe haven. Also read: The dollar drops with Trump’s intention to impose retaliation definitions on his part, Jordan Rochester, head of the unit of fixed income, currencies and basic commodities at the Mizuhu bank, explained that “the dollar faces a state of uncertainty. The falling accounts on the dollar have fallen, the data of the CFTC trading committee showed that speculative traders reduced their luxury bets on the dollar for the fourth consecutive week, in the latest data that spans until February 11, although the shopping centers are still strong. The speculators are currently reserved for futures at the US currency, estimated at $ 26.5 billion, a decrease of more than $ 4.7 billion over the previous week, according to the numbers that “Bloomberg” collected according to the data for Justice Committee trading. At the same time, the Bloomberg index for the immediate dollar dropped by 1% this week, which recorded the second weekly decline, amid the rise of the euro, the pound star and the Australian dollar, which increased the pressure on the US currency. Increasing pressure on the dollar The Technical Indicators of JP Morgan has become a downward look at the dollar, which reflects ‘the market fatigue of customs duties more than any other factor’, according to bank analysts, including Antonin Deller and Mira Chandan, in a memorandum released on Friday. Also read: Jonathan Levin: Trump’s dependence on the strength of the dollar in the policy of customs duties is false on his part, Wayne Thin, head of the world market strategies at Brown Brownns Hariman & Co, said the data released on Friday, which will show a decrease in the largest rate in 2025 and the dollar. “Rochester also warned against” Mezoho “that January data is likely to reflect the hard weather, which means retail sales can refresh again next month. On the other hand, the inflation data issued earlier this week was stronger than expected, what investors asked to lower their bets on the federal interest rate this year. The United States spans its speech on customs duties against Europe or other economies, which can weaken the attraction of other currencies. His predecessor. Otherwise, the dollar is likely to maintain its strong levels. “Also read: Bill Delly: Trump’s customs definitions are worse than I suggested that the bets at the high value of the dollar are the most crowded centers among the traders of interest rates and currencies, according to a survey that” Bank of America “did. that the dollar would reach its peak during the first quarter of this year.
The dollar drops to the lowest level in 2025 due to data and fees
