At the lowest level since October the dollar against the euro.
The dollar dipped on Thursday, in the wake of Donald Trump’s declaration of trade war.
The US currency is down 1.55% against the euro, to $ 1,1025, negotiating at the lowest level since the beginning of October against the single currency. The dollar also fell 1.21% against the pound to $ 1,3167, and slipped by 1.57% against the Japanese currency to $ 146.54 per dollar.
“The US Federal Bank (Fed) should choose its battle: it will probably lean to support the economy” by reducing interest rates, “given that the impact of duties on inflation will be one -off and short -lived and that it will be partially offset by a sensitive financial deceased.” However, lower interest rates would make the dollar less attractive to investors, leading them to abandon it.
Source: naftemporiki.gr