Malaysia will see the opportunity to negotiate with the US to reduce the fees
Dollar is declining amidst the Ulation Hanga of Taiwanese currency and Asian re -ASS observation
The US dollar has increased significantly in the Taiwanese currency, which has led to the fact that some Asian countries can re -assess their currencies in an attempt to obtain trade concessions from the United States.
The Taiwanese dollar rose to 29.654 against the US dollar to 29.654, with its 4.5 per cent standard gains on Friday, according to “Reuters”.
Although the Taiwanese Central Bank condemns the pressure from the White House to increase the value of some Asian currencies in the framework of the trade agreement, the markets are closely monitoring the changes in policies.
“The Taiwanese dollar is looking at an increase in an increase in the previous one,” said a senior official in the financial sector of Taiwanese. He said: «Hot money flows to Taiwan, and the Central Bank does not care. Many believe that this is the result of American stress, and I think this is really true. ”
The Chinese Yuan also reached the highest level in 6 months at 7,1879 for the dollar, in view of the expectations that he would allow his high currency in the framework of trade negotiations with Beijing Washington.
The Chinese Ministry of Commerce has suggested that Beijing is studying an American proposal to start negotiations on customs duties imposed by President Trump, which is up to 145 percent, but the gap between the two parties is still width.
In a television interview on Sunday, US President Donald Trump reiterated his belief that China should enter into an agreement, but he did not provide specific time details or time limit. He also reiterated his call to cut interest rates, describing the head of the “Federal Reserve” as “militant”, but he excluded his dismissal.
After issuing a strong job report in March, the Federal Reserve will hold its meeting on Wednesday amid strong expectations to not change interest rates.
Markets currently suggest only 37 percent to decrease from 64 percent a month to reduce interest in June. Goldman Sachs and Barclays also revised their expectations to reduce interest in July instead of June.
However, the dollar has received limited support from job data, and he is fighting to maintain its gains in the Asian markets in Japan and China as a result of vacation in China.
The euro rose 0.4 percent to $ 1.1343, with the lowest level of $ 1.1266 last week, while the dollar index fell 0.2 percent to 99.635.
The US dollar fell 0.6 percent on the Japanese yen, for 144.03 yen, which reached 145.91 on Friday, as the oil prices in support of the Japanese trade account were significantly declining, and it rely on fuel imports.
The problem of faith
In addition to political pressure on the independence of the “Federal Reserve”, the amazing fluctuations in the American policy, including the sudden rituals of foreign films, have influenced investors’ confidence in the dollars, which reflects the capital centralized movement.
Although ULA’s attendance centers have increased on the dollar last week, the estimates of its persistent weakness, which can harm the market in the event of positive news.
“We have seen that there is an area to maintain the US dollar’s declining path in light of the American unusual decline and investors towards alternative markets,” said Sally Old. The group’s estimates indicate that by the end of this year, the Australian dollar/US dollar will reach 0.70, the US dollar/Japanese Yen, the Euro/US dollar 1.23.
The next program that affects the dollar can be issued by the Institute for Supply Management Institute for the Sector, and then on Monday, the weak reading of the American economy can be restored.
In Britain, investors are waiting for the England Bank meeting on Thursday, with the possibility of a higher cash facility in the future amid expectations that the interest rate will be reduced by 25 basis points.
“The market’s response to the market on British bonds and the pound sterling bank orders is determined, and the door is yet to be opened to reduce interest in June, and it is likely to be reduced to 3.50 percent by December,” said Chris Weston.
Central banks in Norway and Sweden also hold their meetings this week, waiting to keep interest rates from changing. In Australia, the Australian dollar continued its strength after Prime Minister Anthony Albaniz won the elections on Saturday. After the Australian dollar touched the highest level in five months, with the support of the American Job Report, which strengthened hunger for risk worldwide.
