The US dollar weakened against most major currencies as traders continued to assess the risk of an imminent trade war.
The Bloomberg Dollar Spot Index fell 0.4% to its lowest in more than a week, with the greenback continuing to weaken from its strongest level in more than two years hit on Monday.
Traders recalibrated their outlook for the world's reserve currency after US President Donald Trump delayed the imposition of levies on Mexico and Canada. That returned the focus to market fundamentals, with weaker US jobs data on Tuesday leading to increased bets on interest rate cuts.
"The broad dollar weakness continues to persist, thanks to tariff hedges for near-term moves being unwound," said Jordan Rochester, head of FICC strategy at Mizuho. "A one-month delay means it's not worth paying for it right now."(Newsmaker23)
Source: Bloomberg
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...