The US dollar is stable around the levels of 104.20, with a slight rise during today's trading on Wednesday ahead of an expected announcement from President Trump regarding plans for mutual tariffs, which will be at 10 pm Egypt time, and it is likely that these duties will come into force immediately as soon as they are announced, and therefore the market focus will shift to the reactions of the countries on which the duties will be imposed.
Trump has long promoted the second of April as Liberation Day, as he said, with White House spokeswoman Carolyn Leavitt stating that reciprocal tariffs on countries that impose tariffs on US goods will take effect immediately after Trump's announcement.
Concerns about the impact of the escalation of the global trade war on the world's largest economy caused fears of stagflation, and a series of weaker-than-expected US data in the recent period led to a decline in the US dollar this year, which in turn undermined the dollar this year.
It is worth mentioning that the markets are waiting this week for government jobs data, which will be on Friday at the end of the week, but today we will have private sector jobs data, and it is expected that this report will record 105 thousand jobs compared to 77 thousand jobs previously.
