The US dollar fell today and predicted the movements of the dollar yen and the euro dollar
The US dollar index settled near the levels of 104.00, where the dollar retreated on Monday after 3 days of highs during last week's trading.
The next round of tariffs is scheduled for April 2, when the White House will announce reciprocal duties on several countries.
Goldman Sachs analysts wrote in a research note about this, we lowered our forecasts for the dollar last week, but we still expect some strength for the dollar from its current levels, and our economists have also lowered US growth forecasts because we now expect a bigger rise in tariffs, which we believe will remain positive for the dollar.
On the other hand, today we are waiting for the data of the US service and manufacturing Purchasing Managers at the monthly level.
USDJPY
The US dollar rose against the Japanese yen by 149.83, as the Japanese yen fell today after the statements of Kazuo Ueda, governor of the Bank of Japan, as he said that he will follow an appropriate monetary policy to achieve the interest rate target of 2%, and will not rule out the possibility of selling the Bank of Japan holdings of government bonds.
The US 10-year (US10Y) Treasury bond yields rose on Monday by up to 2.5 basis points to 4.2790%.
EURUSD
The euro against the US dollar also rose slightly on Monday to 1.0850, rising from an almost 3-week low on Friday at 1.0795 USD.
The single currency rose during last week's trading, supported by optimism about Germany's move to ease financial restrictions to boost military and infrastructure spending.
However, the currency has fallen in recent days ahead of the actual ratification of the change, as the German Senate passed a so-called debt control bill.
With the passage of the bill complete, the euro is expected to give up some of its recent gains, as it becomes clear that significantly increasing spending will take a long time.
The real problem, however, lies in President Trump's announcement next week of a new tariff regime.
Today we are waiting for data from the eurozone on the service and manufacturing Purchasing Managers ' Index for France, Germany and the eurozone as a whole.
