The dollar index remains under pressure with the latest round of weakness driven by a dovish shift from the Federal Reserve. Meanwhile, U.S. trade tensions are rising, with new 15% tariffs on Japanese imports and actions against countries like India and China for buying Russian oil, pushing the average U.S. tariff rate to 18.3%, the […]
The Dollar Index hit a new multi-session low following disappointing U.S. services ISM data, signaling stagflation concerns, while speculation about the next Fed Chair is adding additional uncertainty.
The U.S. dollar has seen steady buying interest overnight but remains well below its levels before the latest U.S. jobs report. Today, attention turns to U.S. and Canadian trade data and the U.S. services ISM report.
The U.S. dollar weakened slightly overnight, still impacted by Friday’s Non-Farm Payrolls report, which raised concerns about the U.S. labor market’s strength.
The US dollar is gaining strength as July comes to a close, with the Dollar Index attempting to break above its 100-day moving average, driven by Federal Reserve Chair Powell’s hawkish comments.
The US dollar weakened slightly overnight as markets awaited the Federal Reserve’s monetary policy decision, widely expected to maintain interest rates at 4.25%–4.50%.
The U.S. dollar has extended its run today, largely on the back of market reactions to the EU-U.S. trade agreement and anticipation for the upcoming FOMC update.
The Euro surged in early Asian trading following the US-EU trade agreement announced over the weekend, but has since faced consistent selling pressure, eventually triggering stop-loss orders below 1.1700, reflecting a classic “buy the rumor, sell the fact” market reaction.
The US Dollar is trying to recover despite Commerce Secretary Lutnick’s criticism of Federal Reserve Chair Powell, calling for his resignation and lower interest rates.
Markets have been propped up on news the USA and Japan reached a trade agreement that cuts tariffs on Japanese auto imports—from 25% to 15%— while sparing other goods from additional levies in exchange for a $550 billion investment and loan package directed at the USA.
