#CryptoComeback Exchange rate of USD today in the world

The USD has risen sharply against the Japanese yen and Swiss franc in the last trading session, as the market eased concerns thanks to the bilateral trade agreement between the US and the UK, while the British pound reversed the gains made after the Bank of England cut interest rates.

US President Donald Trump announced a 'breakthrough' trade agreement with the UK on May 8, maintaining the basic tariff rate of 10% on imports from the UK, including vehicles.

"The market views the trade agreement positively. In my opinion, the 10% basic tariff is still very high for imported goods into the US and changes my assessment of how global trade operates,” Axel Merk, Chairman and Chief Investment Officer at Merk Hard Currency Fund in California, USA, stated.

The USD has risen to its highest level in four weeks against the Japanese yen at 146.175, following the announcement of the trade agreement. The USD increased by 1.55%, reaching 146 yen.

Against the Swiss franc, this currency rose by 1.07%, reaching 0.8323 franc, the highest level since May 1.