New Delhi, April 14 (Ians) The US dollar fell by 0.7 percent on Monday – which marked the fifth day of the decline in a row. It pushed the DXY index, which measures the strength of the dollar against a group of important currencies, to the lowest level in three years.By Lawrence Delevingne and Alun John
Boston/London, – US shares won Monday, while the dollar fell, after the White House has exempt smartphones and computers of American rates, but President Donald Trump said that semiconductor taxes were likely. The industrial average of Dow Jones and the S&P 500 both won around 0.8%. The Nasdaq composite added approximately 0.6%, stimulated by technological shares, including Apple, whose shares won around 2%. The S&P 500 collected 5.7% last week, but is still around 8% decrease in 2025. At first glance, the exemption of 20 product types accounted for 23% of American import from China a blessing for manufacturers. But the technology rate news gave only a limitation of assistance to US government bonds that tried to recover from the bruises they suffered last week, and the dollar lost ground again because the off-again, on-again trade policy gyrations are confused and analysts bearish in the long term.
The 90-day break on broad rates and further concessions at the weekend “Reduce the chance of a recession of a recession”, Morgan Stanley US Equity strategists wrote in a memorandum on Monday. Yet they noted that the back and forth is the policy, probably still the uncertainty for companies and consumers will worsen.
“The stock market will probably remain in a wide trading range with high volatility until we have more certainty about the depth of the growth retardation and the timing of a recovery,” they wrote.
Relative optimism was also felt in Europe and Asia, and also performed better than because they missed the end of the bounce on Wall Street on Friday. The wide Stoxx 600 index of Europe rose by approximately 2.7%, after having lost 2% last week, and the widest index of MSCI of Asia-Pacific shares outside Japan won 1.6% after throwing out more than 4% last week. MSCI’s benchmark for shares around the world rose 1.25%. Technology companies and the wider Supply Chain were the biggest profit in Europe, after companies in the Apple supply chain had risen in Asia. The market also has more income this week. Goldman Sachs said on Monday that the profit rose by 15% in the first quarter, fed by stock traders who made capital on volatile markets, which made his shares around 2%. Bank of America, Citigroup and Chipmaker TSMC will report later in the week. With regard to economic data, the numbers of March showed an increase of 12.4% in Chinese exports when companies had contracted in orders before Trump’s rates.
On the docket this week are the American retail trade and the Chinese gross domestic product, while Federal Reserve chairman Jerome Powell talks about the economic outlook on Wednesday, when he will almost certainly be questioned about the prospect of tariff reductions and the recent stress in the treasury market.
Not so safe fear The American Treasury market would loss its global priority linence somewhat decreased, with the return of 10 years falling after last week’s epic increase. The return of 10 years fell around 11 basic points at 4.382%. The rise of last week’s proceeds came alongside a decrease in the dollar. The slide took place on Monday, with the dollar index with 0.2% a decrease
The recent falls can be explained by overseas investors who flood from the American assets to go home, although some ask more broader questions.
“Every persistent environment of a lower American dollar, lower bond prices and lower stock prices suggests the American capital outflow of American assets,” wrote strategists of the Wells Fargo Investment Institute in a note on Monday. “We believe that it reflects that the evaporation of American growth is exceptional and reduced attraction in the margin for dollar assets for reserve purposes in the midst of irregular American decision-making.” Japanese officials are preparing for commercial negotiations with the United States, which will probably affect the currency policy, where some officials make private for Washington to call Tokyo to support the Yen. On Monday the dollar fell against the yen again, by 0.26% to 143.13, after a layer of layer at 142.05 last week. The euro had not changed little to $ 1,148, still near a three -year top of $ 1,1474 hit last week. The European Central Bank will meet on Thursday and is supposed to reduce the rates with a quarter point to 2.25%. On raw material markets, Spot fell by around 0.75% to $ 3,212, although worldwide uncertainty has proven a windfall for gold prices that rose to a peak of all languages at $ 3,245 per ounce. The oil prices settled slightly higher on Monday on the electronic tariff exemptions and data that showed a sharp rebound in the raw import of China in March. But the profit was limited by ensuring that the trade war could weaken worldwide economic growth and the demand of fuel.
(Reporting by Lawrence Delevingne in Boston, Alun John in London and Wayne Cole in Sydney; Edit by Toby Chopra, Will Dunham, Sharon Singleton, Susan Fenton and Rod Nickel)
