With the rest of Trump’s tariff transactions, the US dollar losses are less than 50 days of mobile average: “Buy rumors, sell facts” GLD)

The US dollar lost its grip at a monthly rally, broke through the key technical level, and recorded the worst week for many years, because the trader relaxed the promising bets to respond to the president’s bet. Donald TrumpMore than expected tariff stances.

The day on Trump’s inauguration decreased by 1.2 %, and Green Guard began this week. This marks the worst meeting since November 2023. Early execution orders failed to fulfill their campaign commitments and committed active tariffs on major trading partners.

Although Trump suggested that tariffs on Mexico and Canada on February 1 are still 25 %

By Friday afternoon, the dollar lost 1.8 % a week, which marked the worst five days since July 2023.

this US dollar indexIt tracks the main currency of the green back and a basket of the main currency, followed by INVESCO DB USD Index Breath Fund ETF UUPFor the first time since September, it has violated a 50 -day mobile average level and violated key technical support.

“” BBVA market strategist, as investors continue to serve as ‘buy rumors, sell facts’ behavior, ” Alejandro Cuadrado Said on Friday.

Chart: 50DMA support that is lower than the key in the dollar, more weaknesses in the future?

Trump’s Davos speech re -ignited the dollar bear

Trump’s emergence on the World Economic Forum on Davos on Thursday will only increase the volatility of the dollar. He adopted a provocative position against the Federal Reserve by requesting the reduction of tax rates.

He said: “I ask for a immediately drop in interest rates. Similarly, they should fall around the world.”

The potential political intervention of the Fed policy in the Federal Reserve is already in a marginal state. Trump’s comments have exacerbated people’s concerns about the White House willing to relieve the financial situation in advance.

Trump was launched in a soft way to trade in China. When talking about Beijing’s long -term US trade deficit, he put forward a more reconciliation tone: “We must make it fair. We don’t have to make it amazing. I like President XI very much. Always like him.

He also suggested that China can play a role in ending the Russian-Ukraine War. He said: “I hope China can help us stop war with Russia and Ukraine, and they have great power in this situation. We will cooperate with them “” “

By the weekend, Bloomberg reported that Trump was willing to not impose tariffs on China at all, which further exacerbated the decline in the US dollar.

Douglas PotterCFA, the chief economist of BMO Economics, responded: “Trump’s comments said that he would rather not levy tariffs on China may be a view.”

Gold is close to the record high, and the yen is booming

With the retreat of the US dollar, assets such as gold, assets such as gold are expected at close range.

Investors seeks asylum metal, which is usually inversely proportional to the US dollar. this SPDR Golden TrusT GLD It rose to 2.6 % in a week and recorded its best score in two months.

The yen also staged every week’s weekly income to oppose the support of the eagle movement of the Bank of Japan.

On Friday, the Bank of Japan increased its key policy interest rates by 25 basis points to 0.5 %, the highest since 2008, marking compared with many years of super -cyclic monetary policy.

FrancescoING’s foreign exchange analyst describes this move as a person who changes the rules of the game: “The Bank of Japan has conducted a good 25bp hiking, but the inflation forecast is substantially improved, which surprises the eagle market.”

He added: “Compared with the remarks before the job, Trump’s insufficient exchange of trade protectionism is that as long as you make some concessions on trade, some of the ultimate tariff threats may not be realized.”

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