Around 11:45 am, the greenback appears almost stable (-0.02%) against the euro, at 1.1644 dollars, but also the book, to 1.3456 dollars. The cryptocurrency exchanges for its part at 121,427.25 dollars.
The dollar marks the step on Monday, pending global commercial and geopolitical developments, while Bitcoin approaches its record, carried by the interest of institutional investors and favorable American legislation.
Around 9:45 am GMT (11:45 a.m. HEC), the greenback was almost stable (-0.02%) against the euro, at 1.1644 dollars, but also the book, to 1.3456 dollars.
The weakness of the dollar “reflects increasing speculation on a recovery of rate reductions by the federal reserve” (Fed) from his next meeting, in September, summarize the analysts of MUFG.
These bets have been reinforced by recent indicators highlighting the weakness of the American labor market.
The market will scrutin the American consumer price index (ICC) in July, in order to gauge the first effects possibly inflationists in the trade war, new customs duties having entered into force on Thursday.
The dollar also suffers from the (temporary) appointment by Donald Trump of his economic advisor Stephen Miran to a strategic position in the American Central Bank, the Fed, after the surprise resignation of governor Adriana Kugler.
According to MUFG experts, it is a question for the American president of “further strengthening his influence on the development of the monetary policy of the Fed”.
The euro could for its part take advantage of “peace in its vicinity” in the event of the culmination of negotiations on Ukraine scheduled for this week, notes Stephen Innes, analyst at SPI AM.
A summit is scheduled for Donald Trump and his Russian counterpart Vladimir Putin on Friday in Alaska to try to end the war.
Bitcoin was exchanged to 121,427.25 dollars, a breath of its July record, at 123,205.12 dollars.
The Ether, the second cryptocurrency by capitalization, appeared at 4,263,195 dollars. Its record dates back to December 2021, to more than 4349 dollars.
Their courses are “carried by the growing demand for institutional investors” and that “to fuel business cash flows”, explains Patrick Munnelly, analyst at Tickmill.
And investments in digital currencies could still accelerate with the decree signed Thursday by Donald Trump, which opens the possibility for Americans to integrate cryptocurrencies and other “alternative investments” into their retirement savings accounts.
Several important American laws, but also the private interests of the Trump clan for digital currencies, have enthusiastic the sector in the latest.