The dollar is declining near its lowest level in 5 months

The dollar was circulated near its lowest level in five months against major currencies, affected by fluctuations in US President Donald Trump’s commercial policies and a series of weak economic data.

The euro approached its highest level in five months after the German parties agreed on Friday on a financial agreement that would enhance defense spending and revitalize growth in the largest economy in Europe.

Goldman Sachs Dominic Wilson and Kamakchia Trevidy said the total markets had witnessed “two radical transformation” last month.

In a memorandum, they explained that the first transformation is “re -evaluation of” US origins “against the backdrop of customs dots and the broader political fog environment created by the new administration,” while the second is “a sharp reassessment by raising the financial incentive in Germany.”

The price of the euro was $ 1.0879, slightly down from the level of $ 1.0947, which he recorded last Tuesday for the first time since October 11.

The upcoming German adviser, Fredchich Mertz, announced on Friday that he had received decisive support from the Green Party for a huge increase in government borrowing.

The outgoing parliament is likely to agree to the agreement this week. The agreement includes a fund of 500 billion euros ($ 544 billion) for infrastructure, in addition to radical changes in borrowing bases.

The Chinese yuan rose to its highest level in four months in external transactions, with a price of 7.2400 yuan per dollar. Last Wednesday, the yuan rose to 7,2158 yuan for the dollar for the first time since November 13.

On Sunday, the Chinese State Council revealed a “special action plan” to enhance local consumption, which includes measures that include increasing population income and launching a program to support children’s care.

The dollar index, which measures the performance of the American currency against a basket of six main currencies, has not seen a significant change at 103.71 in the Asian session, with a difference of less than 0.5 percent from its lowest level in five months at 103.21 that he recorded last Tuesday.

The index fell almost six percent from its highest level in more than two years at 110.17, which he touched in mid -January, as optimism has turned that Trump’s presidency will stimulate growth into fears that his commercial policies may cause stagnation.

Friday data showed that US consumers’ confidence decreased to its lowest level in approximately two and a half years in March, and the high inflation forecasts highly increased in the midst of fears of the impact of the broad Trump customs duties, which ignited a global trade war.

The dollar did not witness a significant change at 148.70 yen.

It is widely expected that the Federal Reserve (the US Central Bank) will keep its monetary policy unchanged Wednesday.

The dollar rose 0.13 percent to 148.83 yen, according to Reuters news agency.

The pound settled at $ 1.2927, with the Bank of England expected to keep its monetary policy on Thursday.

The price was stable at about 83 thousand dollars.