It is declining in the US dollar to start the week, the focus remains on political geography
Here is what you need to know on Monday 3 March:
the US dollar (USD) Struggle to find demand at the beginning of the week as investors continue to assess the latest geopolitical developments. Initial inflation data will be displayed in February from the eurozone in the economic calendar on Monday, before the report of the Procurement Manager Index in February from the United States.
US dollar price today
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed today. The US dollar was the weakest against the euro.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.29 % | -0.17 % | -08 % | -01 % | -16 % | -01 % | -07 % | |
| euro | 0.29 % | 0.00 % | -02 % | 0.11 % | 0.02 % | 0.09 % | 0.04 % | |
| GBP | 0.17 % | -01 % | 0.08 % | 0.09 % | 0.02 % | 0.09 % | 0.04 % | |
| JPY | 0.08 % | 0.02 % | -08 % | 0.30 % | -02 % | 0.13 % | 0.02 % | |
| CAD | 0.01 % | -11 % | -0.09 % | -0.30 % | 0.00 % | -0.00 % | -05 % | |
| Aud | 0.16 % | -02 % | -02 % | 0.02 % | 0.00 % | 0.07 % | 0.02 % | |
| Nzd | 0.00 % | -0.09 % | -0.09 % | -0.13 % | 0.00 % | -07 % | -05 % | |
| Chf | 0.07 % | -04 % | -04 % | -02 % | 0.05 % | -02 % | 0.05 % |
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).
US President Donald Trump’s meeting with Ukrainian President Voludeimir Zelinsky has turned into a late Friday argument and Trump canceled the signing of the metal deal, which could have underestimated the road to Russia-Ukraine for fire and perhaps a truce deal in the end. During the weekend, Trump reiterated that he would impose an additional 10 % tariff on Chinese imports that start on Tuesday, as planned at first. Early Monday, Global Times stated that China evaluates anti -measures in response to additional American definitions. After reaching its highest levels in two weeks near 107.70 late Friday, the US dollar index on the back foot remains less than 107.50 on Monday.
During Asian trading hours, data from China showed that the Caixin Manufacturing Directors Index had improved 50.8 in February 50.1 in January. Aud/USD The losses recorded for six consecutive trading and lost more than 2 % in the previous week. The husband holds a steady 0.6200 in the European morning on Monday.
The consumer price index (HICP) in the eurozone is expected to increase by 2.6 % year on year in February. Euro/dollars It is trading modestly a day over 1.0400 to start the European session on Monday after closing it in the negative lands for two consecutive weeks.
GBP/USD It fell on Friday and cut a winning series for three weeks. The husband remains relatively calm and trades in about 1,2600 on Monday.
USD/CAD It got about 1.7 % in the previous week before entering a unification phase near 1.4450 on Monday. It is expected that you will enter into force in the Trump administration by 25 % on Canadian imports on March 4.
USD/JPY It holds a steady at about 150.50 in the European morning. In the early Asian trading hours on Tuesday, the Japanese economic evaluation will contain the unemployment rate data for January.
gold It lost more than 2.5 % and closed a week in negative lands for the first time since late December. Xau/USD reaches modest recovery gains for more than $ 2,860 on Monday.
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.
