The US dollar index remained stable around 103.5 on Thursday after gaining ground in the previous session, as investors weighed the impact of an escalating global trade war on the economy and consumers.
In the latest developments, President Trump vowed to impose additional tariffs, following retaliatory measures from the EU and Canada in response to his steel and aluminum duties.
Trump also reiterated warnings of reciprocal tariffs set to take effect next month, fueling further uncertainty in global markets. Meanwhile, US consumer inflation data released on Wednesday came in softer than expected for February, offering some relief to investors.
However, the full impact of newly implemented tariffs has yet to be realized, raising concerns that inflation could pick up again in the coming months. Looking ahead, the Fed is set to announce its policy decision next week, with markets widely expecting the central bank to keep rates unchanged while unveiling updated economic projections.
Source: Trading Economics
The US Dollar (USD) kicks off the week on the back foot, slipping against major currencies in Monday trading. Investors are reacting to renewed trade tensions ahead of the August 1 deadline and a gene...
The US dollar index hovered around 98.4 on Monday, holding steady after two consecutive weeks of gains, as markets focused on key trade and economic developments. Commerce Secretary Howard Lutnick re...
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation ...
The US dollar (USD) weakened on Friday (July 18th), retreating from a three-week high as momentum waned. However, the greenback remained supported by strong US economic data released this week, which ...
The dollar headed for a second straight weekly gain against major peers, buoyed by some solid U.S. economic data that supported the view the Federal Reserve can afford to wait a while longer before cu...
The US Dollar (USD) kicks off the week on the back foot, slipping against major currencies in Monday trading. Investors are reacting to renewed trade tensions ahead of the August 1 deadline and a generally cautious market sentiment. Despite mostly...
Indonesia's chief economic minister Airlangga Hartarto said Monday that a 19% tariff on Indonesian goods entering the United States could be implemented earlier than the August 1 deadline set by U.S. President Donald Trump. Airlangga noted that...
Gold prices rose slightly in European trade on Monday, taking some support from haven demand fueled by persistent uncertainty over elevated U.S. tariffs set to take effect in the coming weeks. A mild pullback in the dollar, after a two-week...
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S....
The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data...
The S&P 500 briefly touched an all-time high before hovering flat in the afternoon session, while the Nasdaq dipped 0.2% as investors weighed...
Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against...