The escalation of trade tensions between the United States and its trading partners caused the dollar to decline against other reference currencies in today's trading.
According to Ashura News, citing Reuters, the intensification of trade tensions between the United States and its trading partners, including China and Canada, which began with Trump imposing tariffs on imports of goods from these countries to the United States, has caused the dollar to decline against a basket of reference currencies in recent trading days.
Accordingly, the dollar's value also declined in today's trading and reached its lowest level in the past 3 months.
In addition to the trade war, a serious change in the direction of economic policies in Germany, which led to the widespread sale of this country's bonds, has also contributed to the dollar's decline.
By order of Trump, tariffs have been imposed on imports of Canadian, Chinese and Mexican goods to this country since last night.
Of course, China and Canada immediately took retaliatory action against the United States, as they had promised, and the Mexican government has also announced that it will adopt a similar policy.
Post a comment