Dollar subject to the main counterparts about growth concerns

Washington (DPA -Afx) – The US dollar remained on Friday amid the concerns that the commercial war could negatively affect the US economy. The data that show a strong drop in the feeling of the consumer of the United States also weighed.

Meanwhile, it is likely that the United States avoids a government closure after the senate minority leader, Chuck Schumer, D-Ny, said he would vote to advance a draft Law on Republican expenses that finances the Government until September.

While the Democrats oppose the bill, Schumer argued that allowing President Donald Trump “to take even more power through a government closure is a much worse option.”

The University of Michigan published a report that shows a much more pronounced fall than expected for its reading about the feeling of the consumer of the United States in the month of March.

The report said that the US consumer’s feelings. UU. Economists expected the index to submerge at 63.1. March reading was the lowest since the index reached 56.7 in November 2022.

The dollar index fell to 103.57, but recovered at 103.74 later in the session, cutting its loss to less than 0.1%.

Against the euro, the dollar weakened 1,0879, and against the sterling pound, marginally won 1,2935.

The dollar rose against the Japanese currency, reaching 148.64 yen per unit. The dollar fell against the Australian and settled at 0.6324.

Against Swiss Franc, the dollar advanced to CHF 0.8849. The dollar weakened against the Loonie, falling to C $ 1,4370.

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