The US dollar is near the lowest level in five months compared to the major currencies, influenced by the uncertainty of President Donald Trump's trade policy and macroeconomic data weaknesses.
In addition, the euro currency remained near the highest level within five months after Germany reached a fiscal agreement on Friday, which could potentially increase defense spending and stimulate Europe's largest economic growth.
According to Goldman Sachs analyst Dominic Wilson and Kamakshya Trivedi said there were two significant changes in the macro market over the last month.
First, a lower re -evaluation of US assets is due to the uncertainty of tariffs and the broader policy environment created by the new administration.
Second, a sudden revaluation of the fiscal impulse in Germany.
The Japanese yen remained near the highest level in five months, supported by the Hawkish signal of the Bank of Japan although the central bank was generally expected to maintain the existing policy in the decision to be announced on Wednesday.
Meanwhile, Yuan China strengthened to the highest level in four months in outside trading ahead of a press conference scheduled on Monday, where measures to stimulate domestic consumption will be announced.
The dollar index, which measures the performance of the US currency against the euro, the yen and the other four major currencies, remains almost unchanged at 103.71 at the beginning of the Asian session, just less than 0.5% of the five -month low of 103.21 reached Tuesday.
The index now dropped almost 6% of the highest level of more than two years in 110.17 which was touched in mid -January, due to the confidence that President Trump's position would stimulate growth turned into a concern that his trade policy could trigger a recession.
