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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn]: Trump suddenly threatens a major escalation of tariffs on China! The US dollar returns to 103". Hope it will be helpful to you! The original content is as follows:
The dollar fell first and then rose on Monday, and the extensive tariff measures imposed by US President Trump triggered higher concerns about a global recession.
The dollar index (DXY), which tracks the dollar against six major currencies, closed up nearly 0.6% on Monday to 103.50, and fell sharply to 102.21 in the early trading.
Global stock markets were hit again on Monday. Despite the sharp fluctuations in the S&P 500 and exiting intraday lows, investors bet that the risk of a deep economic decline could force the Fed to cut interest rates as early as May, which would weaken the dollar's spread advantage. "Because tariffs are believed to be hurting global economic growth, those riskier currencies—such as the dollar block and Nordic currencies—have relatively weak. On the other hand, traditional safe-haven currencies such as the Swiss franc and the Japanese yen performed better." Asian markets
Japan's nominal wages rose 3.1% year-on-year in February, a sharp jump from 1.8% lower in January, in line with expectations.
However, this strong data was mainly due to a surge in special paymentsavatradescn.com, a year-on-year increase of 77.4%. Normal wages are considered a more stable wage trend indicator, actually slowing to 1.6% year-on-year from 2.1% last month, indicating a moderate growth momentum for basic wages.
Although the overall data isHowever, real wages (adjusted by inflation) fell for the second consecutive month, down -1.2% year-on-year. Meanwhile, consumer inflation remains at a high of 4.3%, slightly lower than 4.7% in January, according to the Labor Department’s calculations.
European Market
Yannis Stournaras, a member of the Greece European Central Bank's Governing Council, warned that U.S. reciprocal tariffs are "worse than expected" and are a source of "unprecedented" global policy uncertainty.
In an interview with the Financial Times, he described the tariffs as "an absolute deflationary measure" in the euro zone.
He added: "The significant adverse impact on growth could lead to economic activity far weaker than expected, dragging inflation below our target.
While admitting it is difficult to quantify the exact consequences, Stournaras predicts that the eurozone growth could be hit by 0.5 to 1 percentage point.
He did not speculate whether this threat justifies a 50 basis point cut, but emphasized the severity of downside risks.
U.S. Market
Trump: Reciprocal tariff measures will not be suspended and the EU proposed mutual exemption policy will be rejected. Foreign media: Trump's team considers implementing a tax credit policy for exporters; seven Republican senators "turned over" to support restrictions on Trump The bill on tariff power.
After the market shock, the White House urgently refuted the rumors: The statement that considering suspending 90-day tariffs is all "fake news".
U.S. Treasury Secretary Bescent: It is unlikely to reach a trade agreement (with any country) before April 9, and nearly 70 countries are seeking negotiations.
The United States plans to impose a 34.45% tariff on Canadian timber, currently 14.4%; the EU plans to start imposing a 25% tariff on some U.S. products on April 15, implementing it in two steps. The second part will be imposed on May 15; the Japanese Prime Minister said that he will not fight back against the United States.
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