FOREX-Dollar Drifts As Traders Await Trump Tariff Clarityのソースを表示

Trump's trade war making markets nervous<br><br>*<br><br>New round of reciprocal levies due April 2<br><br>*<br><br>Investors weighing risks of U.S. downturn<br><br>By Kevin Buckland<br><br>TOKYO, March 24 (Reuters) - The dollar drifted just below a three-week high versus major peers on Monday as traders cautiously awaited clarity on U.S. President Donald Trump's next round of tariffs.<br><br>The euro rose slightly following three straight sessions of declines, while the yen edged lower against the greenback, pressured by a rise in U.S. Treasury yields.<br><br>The U.S. dollar index, which measures the currency against a basket of six counterparts, was flat at 104.03 as of 0049 GMT, after touching 104.22 on Friday for the first time since March 7. Last week, the index rose 0.4%, its first winning week this month.<br><br>The dollar has been under pressure for most of this year as the market's assumptions that Trump would quickly usher in pro-growth policies transformed into worries that the president's aggressive and erratic trade policies could trigger a recession.<br><br>The next round of tariffs is due on April 2, when the White House will announce reciprocal levies on many countries.<br><br>"We downgraded our dollar forecasts last week but still expect some dollar strength from current levels," Goldman Sachs analysts wrote in a research note.<br><br>"The market has rapidly repriced the shift in the growth outlook, and ran ahead of the forecast changes our teams have made for 2025," they said.<br><br>Additionally, "our economists downgraded U.S. growth because we now expect tariffs to rise more substantially, which we think should still be positive for the dollar."<br><br>The dollar gained 0.3% to 149.77 yen. The currency pair tends to track changes in bond yields, and 10-year Treasury yields added as much as 2.5 basis points to 4.2770% on Monday.<br><br>The euro advanced 0.24% to $1.0836, climbing off Friday's nearly three-week trough of $1.0795.<br><br>The shared currency had been buoyed to the highest since early October at $1.0955 last week on optimism over Germany's move to loosen fiscal constraints in order to boost military and infrastructure spending.<br><br>However, the currency slipped back in recent days in the lead up to the actual ratification of the change, with Germany's upper house of parliament passing the bill on the so-called debt brake on Friday.<br><br>"With the passage of the bill complete, we expect EUR to give back more of its recent gains as it becomes apparent it will take a long time to increase spending significantly," Commonwealth Bank of Australia analysts wrote in a client note.<br><br>"But the elephant in the room is next week's announcement by President Trump of a new tariff regime."<br><br>Sterling rose 0.15% to $1.2934.<br><br>The Australian dollar climbed 0.29% to $0.6291.<br><br>Cryptocurrency bitcoin ticked up about 1% to $85,965.<br><br>The Turkish lira was steady around 38. When you loved this article and you would love to receive more info concerning [https://datxanh.group/su-kien-the-prive-ceo-summit-2025-chao-don-van-hoi-moi/ CĂN HỘ QUẬN 2] please visit our own web site. 0050 per dollar , even as a Turkish court on Sunday jailed Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan's main political rival, pending graft charges, which Imamoglu denies.<br><br>The incarceration comes after the main opposition party, European leaders and hundreds of thousands of protesters criticised the actions against him as politicised and undemocratic.<br><br>The lira briefly lurched to a record low of 42 per dollar last week, when Turkey's central bank said it had suspended one-week repo auctions and hiked its overnight lending rate to 46%, a move that economists say amounts to a tighter policy stance. (Reporting by Kevin Buckland; Editing by Stephen Coates)