Friday, 12 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dollar Weakens as Euro Gains Ground
Monday, 3 March 2025 10:02 WIB | US DOLLAR |DOLLAR

The dollar index slipped to around 107.2 on Monday, ending a three-day winning streak, as the euro strengthened following renewed optimism about a potential resolution to the Ukraine conflict.

Ukrainian President Volodymyr Zelenskyy announced on Sunday that European leaders had agreed to draft a peace plan to present to Washington, just days after he was unable to reach a deal with US President Donald Trump in the Oval Office.

The dollar also lost some ground after US Commerce Secretary Howard Lutnick stated on Sunday that tariffs against Mexico and Canada remain "fluid," suggesting they could be lower than the proposed 25%.

However, Lutnick emphasized that the additional 10% tariff on China is confirmed and "set." Despite these developments, traders continue to expect the dollar to maintain upward momentum as the trade war intensifies. This, in turn, could drive inflation and discourage the Federal Reserve from further cutting interest rates.

Source: Trading Economics

RELATED NEWS
Jobless Claims Surge, Dollar on the Brink...
Friday, 12 September 2025 09:05 WIB

The US dollar weakened on Friday after a surge in jobless claims and a moderate rise in inflation made markets increasingly confident that the Fed would cut interest rates next week—and possibly furth...

Dollar Sideways, CPI Risks Ahead...
Thursday, 11 September 2025 08:24 WIB

The US dollar held steady early in the Asian session after the PPI data fell 0.1% in August, reinforcing expectations that the Fed would cut interest rates next week. The Dollar Index edged up to 97.8...

Dollar Strengthens as Geopolitics Heats Up; Investors Await US Inflation Data ...
Wednesday, 10 September 2025 15:56 WIB

The US dollar held steady on Wednesday (September 10th) ahead of US inflation data this week that could help shape the Federal Reserve's policy outlook, while tense geopolitical conditions supported c...

Dollar Steadies Ahead of Inflation Data...
Wednesday, 10 September 2025 09:35 WIB

The dollar index held around 97.8 on Wednesday after firming in the prior session, as investors awaited key inflation reports that could influence the Federal Reserve's policy stance. The producer pr...

Dollar Rises Alongside Yields With CPI in Focus...
Wednesday, 10 September 2025 02:43 WIB

A Bloomberg gauge of the dollar rose late in New York trading alongside Treasury yields as investors look to the release of CPI data this week to gauge the Fed's rate-cutting path. Earlier, the yen ra...

LATEST NEWS
Michigan Consumer Sentiment Index Expected to Weaken Further in September

The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday. This survey captures US consumers' views on their personal finances, business conditions, and...

Oil Prices Rise as Ukrainian Drone Strikes Hit Key Russian Baltic Hubs

Oil prices continued their rally amid growing concerns that Ukrainian drone attacks could disrupt oil flows through Russia's two most important crude export hubs on the Baltic coast. Brent crude rose above $67 per barrel, after falling 1.7% on...

Gold Nears Record, Market Pins Hopes on the Fed

Global gold prices strengthened on Friday (September 12th), with the last price recorded at $3,648 per ounce. This strengthening was driven by growing expectations of an interest rate cut by the Federal Reserve next week, after US labor market data...

POPULAR NEWS
Fed seen on course for rate cuts after PPI data
Thursday, 11 September 2025 01:30 WIB

The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...

IMF says Fed has scope to lower interest rates
Friday, 12 September 2025 01:38 WIB

The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Wednesday, 10 September 2025 19:39 WIB

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...