Hong Kong: the dollar increased in Asia on Tuesday, May 6, fueled by hopes for commercial offers to avoid Donald Trump's radical pricesWhile the actions were mixed, investors await the last political decision of the Federal Reserve.
Oil also organized a return after the Tanking on the news of a production hike by the main producers who came despite increasing concerns about demand and the prospects for the world economy.
Although no agreement has yet been concluded with the White House, it is optimistic that governments are progressing to avoid or temper the attractive samples of the President of the United States, which have sent chills through the world markets.
The feeling was raised by the American secretary of the Treasury, Scott Bessent, who told CNBC that the administration had been approached by 17 countries and had proposed “very good” commercial proposals.
He also said that there may be “substantial progress in the coming weeks” with China, which had been struck with 145% prices.
Trump imposed lower homework 10% on the goods of most other countries, as well as 25% samples On specific items such as steel, cars and aluminum.
Hopes for transactions have seen Asian currencies come together against the dollar, with the Taiwan unit up 7% this month, while South Korea won, Malaysian Ringgit, Indian Roupie and Thai Baht have also experienced healthy gains.
The greenback was barely moved against the yen, the euro and the book.
The gains have led some to speculate on governments allowing an appreciation of their currencies in the context of negotiations with Washington.
“The factor of which many are talking about is whether these countries with historically” weak “and highly managed currencies are now attractive to win on the currency channels and now allow an appreciation of the currency in the context of trade negotiations,” said Chris Weston of Peppperstone.
“If these Asian nations opt for a revaluation of currencies, this could be an important development not only in the reduction of the dollar, but also in the process of commercial negotiation and accelerate the idea of trade agreements.”
