The dollar index was steady around 108.2 on Thursday after facing pressure earlier in the week, as investors awaited more clarity on President Donald Trump's policy plans. The index is down about 1% so far this week, following Trump's decision not to implement tariffs that have raised concerns about potential inflationary pressures.
However, he has issued tariff threats against China, Mexico, Canada and the European Union in recent remarks. Investors are also focused on next week's Federal Reserve monetary policy meeting. The central bank is widely expected to keep interest rates unchanged in January, with markets betting on a rate cut in July, and possibly another cut later in the year. Meanwhile, the Bank of Japan is expected to raise interest rates on Friday, and the European Central Bank is likely to cut rates again next week. (AL)
Source: Trading Economics
The USD/CHF pair weakened for the third consecutive day and traded around 0.7960 in early European trading on Tuesday. The Swiss franc strengthened on increased demand for safe haven assets, following...
The US Dollar Index (DXY) trended sluggishly around 99.06 on Monday (January 19th), as liquidity thinned as US markets were closed for Martin Luther King Jr. Day. Despite limited movement, global sent...
The US dollar is expected to rise for a third straight day on Thursday (January 8), but trading remains cautious as investors position themselves ahead of Friday's Nonfarm Payrolls (NFP) report. Recen...
The dollar index edged up to 98.5 on Tuesday, its strongest level in more than two weeks, as investors focused on a slate of key economic data for the US. Recent indicators have pointed to some soften...
The US dollar opened 2026 weakly on Friday. Throughout last year, the dollar was pressured by many major currencies due to narrowing interest rate differentials between the US and other countries. Con...
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer...
Oil prices were little changed in Asian trading on Thursday after US President Donald Trump backed down from a threat to impose tariffs on European countries over Greenland. This decision helped ease geopolitical tensions and improve market...
The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related...