Sunday, 20 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
US Dollar Could Close The Week With A Slight Gain Despite A Major Monthly Devaluation
Friday, 21 March 2025 21:06 WIB | US DOLLAR |DOLLAR

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, extended its recovery and was trading around 104.00 at the time of writing on Friday (3/21). The DXY is trying to move away from a 2025 low of 103.20 hit on Tuesday, after the Financial Times reported that European countries are drawing up plans to take over responsibility for the continent's defense from the United States (US), including an offer to the Trump administration for a managed transfer over the next five to 10 years, which would reshape the North Atlantic Treaty Organization (NATO). The European bloc wants to avoid a disorganized US exit from the agreement.

Meanwhile, pressure is mounting with the April 2 deadline for the US to impose reciprocal tariffs. Some traders and analysts are trying to understand the impact that the tariffs could have on the market, although for now, this remains unclear. US Federal Reserve (Fed) Chairman Jerome Powell said in a press conference after the latest Fed meeting on Wednesday that the levy should have a temporary effect on inflation.

The market seemed to take his word for it, however, traders remain skeptical. The last time Powell said the effect was temporary, the Fed had to raise its policy rate from 0.25% to 5.5% in the post-covid era when inflation looked sticky, not transitory. It took the central bank more than a year to confirm that.(Newsmaker23)

Source: FXstreet

RELATED NEWS
The U.S. dollar slipped against the euro on Friday ...
Saturday, 19 July 2025 04:47 WIB

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 ...

US Dollar Weakens After Data-Driven Rally, Focus on Consumer Sentiment ...
Friday, 18 July 2025 19:14 WIB

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 ...

Dollar set for weekly gain as firm US data tempers Fed easing bets...
Friday, 18 July 2025 13:21 WIB

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...

Dollar Edges Lower After Waller's Rate-Cut Comment: Inside G-10...
Friday, 18 July 2025 09:13 WIB

The dollar edged lower against most Group-of-10 peers after Federal Reserve Governor Christopher Waller said the central bank should cut rates at its next meeting. Bloomberg Dollar Spot Index slipped...

US Dollar consolidates gains on the back of strong US Data...
Thursday, 17 July 2025 23:51 WIB

The US Dollar (USD) gains positive traction on Thursday, recovering from a brief wobble late Wednesday after reports emerged that US President Donald Trump was considering firing Federal Reserve (Fed)...

LATEST NEWS
EUR/USD gains as Fed's Waller supports July rate cut, US sentiment improves

The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...

The U.S. dollar slipped against the euro on Friday

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 pressures and as U.S. President Donald Trump...

Trump threatens tariffs on BRICS nations, vows to protect dollar

Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...

POPULAR NEWS
US Weekly Jobless Claims Fall 7,000 to 221,000; Estimated 233,000
Thursday, 17 July 2025 20:13 WIB

Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...

US set to impose 93.5% tariff on graphite from China
Friday, 18 July 2025 01:36 WIB

The United States Commerce Department is set to impose preliminary anti-dumping duties of 93.5% on graphite imported from China after concluding the...

S&P 500, Nasdaq 100 Climb to New Highs
Friday, 18 July 2025 01:29 WIB

US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President...

Fed's Kugler: Holding Interest Rates Steady For 'Some Time' Is Appropriate
Thursday, 17 July 2025 20:22 WIB

Federal Reserve Governor Adriana Kugler said the US central bank should keep interest rates steady "for some time," citing accelerating inflation as...