The US dollar stays generally stable vs the majors. Traders are concerned about the announced imposition of import duties on steel and aluminum in the USA.
The US dollar sentiments softened once Donald Trump announced last week plans to impose import duties on steel and aluminum (25% and 10% respectively) striving to protect national producers. As a result, the market became concerned about possible trade wars that could affect the US economy.
The US Dollar index was at some 89.95.
The euro showed just slight changes vs the US dollar coming to some $1.2320. At the same time, the sterling improved to $1.3815.
The markets are now unstable due to the recent elections in Italy that took place last Sunday after which none of the leading parties managed to get the majority in the Parliament.
The yen and franc went up in the pair with the US dollar. As a result, USD-JPY and USD-CHF rates were recorded at 105.56 and 0.9365. Meanwhile, Australian and New Zealand dollars dropped to 0.778 and 0.7219. The USD-CAD pair rebounded to 1.2892.