The performance of the US dollar last week remained mainly driven by the daily fluctuations in investor sentiment. However, it seems that the selling operations to get rid of the dollar that started in mid-May have declined due to a balance in the sentiment of risk appetite among the masses of investors, due to the emergence of some new evidence indicating the re-emergence of the emerging Corona virus (Covid-19).

The US dollar started the trading week in decline, in light of a slight improvement in investor sentiment regarding the risks, due to the decrease in fears related to the outbreak of the Corona virus, which has arisen in Beijing. p>

However, this step did not last long, as uncertainty about trade policies returned to the forefront of events against the background of comments made by a White House consultant in an interview he gave and indicated during That the first stage of the trade deal with China has ended.

President Trump quickly remedied the situation after these confusing comments and posted a tweet on his Twitter account, confirming that the business deal with China was completely sound.

At the same time, reports emerged that the United States was considering imposing new customs duties on imports from the European Union worth $ 3.1 billion, including some products such as olives and wines. And trucks with increased tariff rates on some other products, such as planes, cheese, and yogurt.

The move comes from President Trump's administration as it continues to punish the European Union for providing illegal support to Airbus.

Tariffs are expected to enter into force from September if the United States decides to press ahead with this procedure.

In that case, the World Trade Organization is also expected to determine whether it is legal for the European Union to impose customs duties on US imports of $ 11.2 billion in response to its adoption Similar policies and provide illegal support to Boeing.

Renewed trade tensions threaten the economic recovery