However,
Dollar stabilizes before publication inflation:
The US dollar stabilized on Monday after the losses recorded last week. Nevertheless, while the markets await the key report of the consumer price index (ICC) in July, scheduled for Tuesday, and monitor the evolution of commercial discussions between Washington and Beijing as a crucial deadline aimed at avoiding the establishment of higher customs duties.
The dollar index remained stable at 98.25 after a decline of 0.4% last week. Consequently, Faced with the Yen, the dollar remained unchanged at 147.685 yen, the Japanese markets being closed for the day of the mountain day.
Trade negotiations draw attention to the approach of the deadline of August 12 set by Donald Trump for an agreement between the United States. Moreover, China, in particular with regard to the policy on semiconductors.
“The market has already joined the idea that we are going to get an dollar stabilizes before publication inflation extension. ” said Chris Weston, research manager at Peppperstone Group Ltd in Melbourne, adding that a new 90 -day truce was the most likely scenario.
While Washington. Beijing seek to conclude an agreement to avoid the taxation of three-digit customs duties on their respective products, the Financial Times reported on Sunday that the manufacturers of NVIDIA and AMD fleas had agreed to allocate 15% of their income from sales in China to the US government, as part of an arrangement to obtain semi-controlled export licenses.
This report comes after a warning that Nvidia’s H20 fleas would present risks to China’s security. according to a social network account affiliated to Chinese state media on Sunday.
“I do not know if it will be a good. a bad thing, but if it allows to close the file, it is not a bad outcome,” said Weston.
“If Trump says 15% and we stop dollar stabilizes before publication inflation there, it would not be so bad.”
The Yuan Offshore fluctuated between gains. losses after the publication of data showing that production prices in China have dropped more than expected in July, while consumer prices have remained unchanged.
The Australian dollar was exchanged at $ 0.6515, down 0.2% at the start of the session, before a decision by the Australian Central Bank expected on Tuesday. The central bank should largely lower its interest rates from 25 base points to 3.60%. after inflation of the second quarter lower than expectations and an unemployment rate at its highest level for three and a half years.
The New Zealand dollar recently traded at $ 0.5,9455, down 0.13%, while the pound sterling was 1.34405 dollar, down 0.1% over the day.
In the cryptocurrency markets, Bitcoin rose 0.7% to 119,154 dollars, not far from its previous record, while Ether gained 1.1% at 4,267 dollars, after dollar stabilizes before publication inflation reaching its highest level since December 2021 on Sunday.
In addition, staff movements within large American monetary policy institutions were also closely monitored.
The American Treasury Secretary. Scott Bessent, said that the new president of the federal reserve should be “someone capable of examining the entire organization”, while the Fed’s mission now includes many areas beyond monetary policy and jeopardizes its independence, according to Japanese newspaper Nikkei.
The Trump administration also auditioned candidates to direct the Bureau of Labor Statistics. including EJ Antoni, chief economist of the Conservative Heritage Foundation, the Wall Street Journal reported on Sunday, citing a senior administration.
(Report by Gregor Stuart Hunter; edition by Jacqueline Wong)
Dollar stabilizes before publication inflation
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