The dollar index fell below 103 on Thursday, hitting its lowest level in nearly six months as traders digested President Donald Trump's sweeping tariff measures. Late Wednesday, Trump announced a comprehensive tariff package aimed at reshaping US trade relationships. The measures include a 10% baseline tariff on all imports, with higher rates for key trade partners, such as China (34%), the European Union (20%), and Japan (24%).
Additionally, a 25% tariff on all foreign-made automobiles took immediate effect. Meanwhile, fresh economic data painted a mixed picture. The ADP report showed a stronger-than-expected 155K increase in private-sector jobs for March, surpassing forecasts. However, the JOLTS report revealed that job openings fell to 7.57 million, signaling a potential slowdown in the labor market. Investors are now turning their attention to Friday's nonfarm payrolls report, which could provide further insight into the Federal Reserve's next policy move.
Source: Trading Economics
The US dollar held steady on Thursday (September 4) amid a volatile week as investors grappled with a fragile bond market and data showing a weakening labor market, which has reinforced expectations t...
The U.S. dollar was broadly steady on Wednesday, after a sell-off in some parts of bond markets globally in the prior session weighed on its currency peers and allowed the greenback to gain back some ...
The dollar strengthened to its highest level in a month, as investors sought safe havens amid weakening global stock and bond markets. The Bloomberg Dollar Spot Index rose 0.7%, its biggest intraday ...
The U.S. dollar clawed back some ground in Asian trading on Tuesday following five days of selling, ahead of the return of U.S. traders from the Labor Day holiday. The dollar index was last up 0.2% a...
The dollar index hovered around 97.8 on Tuesday as investors returned from the holiday weekend and awaited crucial labor market reports this week that could shape the Federal Reserve's policy path. A...
The three major averages in the US swing between small gains and losses on Thursday, as traders digest the latest batch of economic data and what it means for the Fed's plans. The US private sector added only 54K jobs in August, reinforcing signs...
Activity at US service providers expanded in August at the fastest pace in six months on the sharpest acceleration in orders in nearly a year. The Institute for Supply Management's index of services rose 1.9 points last month to 52, the...
High-stakes energy diplomacy in Beijing this week signals China's willingness to challenge US President Donald Trump's efforts to isolate Russia and assert US energy dominance. Chinese President Xi Jinping, sitting alongside Russian President...
The US Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This publication will provide...
Global stocks fell and long-dated bond yields in Europe hit multiyear highs on Tuesday as investors grew increasingly worried about the state of...
In his first press conference in a week, President Donald Trump dismissed rumors of his death circulating on social media. In a casual tone, Trump...
Asia-Pacific markets mostly fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest...