$USDC
- The dollar declined weekly due to signs of weakness in the US economy and a lack of progress in trade negotiations between Washington and its partners before the deadline.
- Awaiting the US jobs report (non-farm) after disappointing economic data this week, which raised concerns about the impact of tariffs imposed by Trump.
- Volatility in currency markets:
- A temporary improvement of currencies against the dollar after a positive phone conversation between Trump and Xi Jinping (over an hour).
- The euro rose, supported by hawkish statements from the European Central Bank despite the interest rate cut, reaching its highest level in 6 weeks (1.1495 dollars).
- The euro is currently stable at 1.1449 dollars** (+0.05%).
Key points:
1. Pressure from US economic data and trade disputes on the dollar.
2. The temporary optimism from US-China talks did not last long.
3. The European Central Bank's supportive policy for the euro despite the interest rate cut.