The dollar rises with renewed concerns about customs duties

The US dollar rose today, Tuesday, after falling to its lowest levels in more than two months at the beginning of the week, supported by the increasing demand for safe haven assets such as gold and American treasury bonds, after. US President Donald Trump said that customs duties on Mexico and Canada will be implemented as planned.

The rise of the dollar came to pressure the euro, which fell from the highest level in a month at $ 1.0461. It is expected that the future gains of the European currency will be based on the speedy formation of a coalition government in Germany, after the conservatives won the last elections.

Trump said yesterday, Monday, that the customs duties on imports from Canada and Mexico will enter into force “on time”, despite the efforts made by the two countries to enhance border security and stop the smuggling of fentanel to the United States before the deadline on March 4, according to Reuters. ”.