The focus turns into American data, where Trump talks about the fluctuation in the markets
Here is what you need to know on Tuesday 4 February:
After the land fluctuations on Monday, which led to the headlines surrounding the policy of tariffs for US President Donald Trump, the markets appear to be settled early on Tuesday. In the second half of the day, Jolts Jobs opening data will be displayed in the American economic list. Many federal policies (Fed) will also deliver speeches during US trading hours.
US dollar price this week
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed this week. The US dollar was the strongest against the euro.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.55 % | -11 % | 0.17 % | -1.61 % | 0.21 % | -0.15 % | -0.38 % | |
| euro | -0.55 % | -26 % | 0.94 % | -0.88 % | 0.12 % | 0.60 % | 0.37 % | |
| GBP | 0.11 % | 0.26 % | 0.08 % | -62 % | 0.38 % | 0.87 % | 0.63 % | |
| JPY | -0.17 % | -0.94 % | -08 % | -1.77 % | 0.20 % | 0.62 % | 0.10 % | |
| CAD | 1.61 % | 0.88 % | 0.62 % | 1.77 % | 0.75 % | 1.50 % | 1.26 % | |
| Aud | -0.21 % | -0.12 % | -0.38 % | -0.20 % | -0.75 % | 0.49 % | 0.25 % | |
| Nzd | 0.15 % | -0.60 % | -0.87 % | -62 % | -1.50 % | -0.49 % | -0.24 % | |
| Chf | 0.38 % | -37 % | -63 % | -0.10 % | -1.26 % | -0.25 % | 0.24 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
The US dollar (USD) benefited from the atmosphere of the market that alienates the risk at the beginning of the week after Trump announced during the weekend that it would impose a 25 % Canadian and Mexican imports and 10 % on Chinese goods. In the American session on Monday, Mexico President Claudia Xinbom said that the United States agreed to stop definitions on Mexico for 30 days for more negotiations. Likewise, Canadian Prime Minister Justin Trudeau announced late on Monday that Trump would postpone the customs tariff on Canadian imports for at least 30 days. After the gathering seen in the first half of the day, the US dollar index reflected its direction and closed unchanged on Monday.
During the Asian trading hours on Tuesday, the Chinese Ministry of Commerce said it would impose 15 % of customs tariffs on American coal and natural gas imports (LNG). “An additional 10 % tariff will be imposed on crude oil, agricultural equipment and some cars,” the ministry said. The markets remain careful early on Tuesday, as the American stock index lost about 0.2 % a day. Meanwhile, the dollar index in the positive area remains just less than 109.00.
After falling sharply early in the two, Euro/dollars She organized a recovery and erased the majority of her daily losses. However, the couple is struggling to stick to his land in the European morning on Tuesday and circulate slightly less than 1.0300.
GBP/USD It benefited from improving the risk mood in the American session and spreading daily gains on Monday. The husband remains on the afternoon of Tuesday early and fluctuates in about 1.2400.
USD/CAD It has reached its highest level since April 2003 near 1.4800 on Monday, but it decreased sharply in the second half of the day to close with a daily loss of more than 0.6 %. Marital edges are higher to start the European session on Tuesday and trading over 1.4450. Similarly, USD/MXN U-U-U-URN was made after reaching the highest level in several years at 21,2950 and lost more than 1.5 % for this day to close it at 20.3435. The USD/MXN remains relatively calm early on Tuesday and is trading near the closing level on Monday.
gold She has ever touched $ 2,830 on Monday, but she regained part of the daily gathering in the American session. Xau/USD remains in a standardization stage and eats more than $ 2,810 early on Tuesday.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
