The US dollar index (DXY) continued its slide on Friday, falling near the 100 area after hitting a fresh three-year low earlier in the day. The downtrend reflects a broad decline in investor confidence as fresh data and central bank comments paint a grim picture for the US economy. The University of Michigan sentiment index fell in April, while the Producer Price Index came in below estimates, adding to market fears of disinflation. Several Federal Reserve officials have flagged rising inflation expectations as a risk, even as near-term economic data hints at weakening demand.
Technically, momentum remains firmly bearish as the DXY extends its decline.
Daily market digest: US dollar drops on consumer gloom, tariff impact
The University of Michigan sentiment gauge fell to 50.8 in April, while inflation expectations jumped to 6.7% on a one-year view. New York Fed's Williams and Boston Fed's Collins warned of rising trade-related inflation risks and a possible slowdown in growth.
The US Producer Price Index rose 2.7% year-on-year in March, down from 3.2% in February, while the core rate slowed to 3.3%.
Jobless claims edged up to 223,000, with continuing claims falling to 1.85 million, signaling mixed employment dynamics.
China confirmed retaliatory tariffs on US imports, matching Washington's tariff hike to 125% and rekindling fears of a global recession. (Newsmaker23)
Source: FXstreet
The U.S. dollar edged up on Wednesday, extending its gains from last week on doubts about the outlook for another Fed rate cut this year and as private payrolls data assuaged worries over the state of...
The US dollar held near a three-month high on Tuesday (November 4th) as a divided Federal Reserve prompted traders to reduce their bets on a rate cut, while the Japanese yen strengthened after a verba...
The US dollar held near a three-month high on Monday (November 3rd) ahead of economic data this week that will provide only vague clues about the health of the US economy and could reinforce the Feder...
The US Dollar Index (DXY) held steady around 99.50 during the Asian session on Friday (October 31st). The greenback's movement was slight as market expectations for a Fed interest rate cut strengthene...
The US dollar traded higher for the second consecutive day against a basket of currencies. The greenback strengthened sharply on Wednesday, following hawkish comments from Fed Chairman Jerome Powell, ...
The Trump administration suspended docking fees for Chinese-built ships as part of a "trade truce" last month. The move has drawn criticism for weakening U.S. efforts to protect port access—so-called privileges—and increasing supply chain...
Asian stocks slipped at the open on Friday (November 7), following a choppy session on Wall Street. The MSCI Asia Pacific Index fell about 0.2%, led by losses in Japan, while South Korea and Australia also edged lower. In the US, the S&P 500...
Japanese stocks weakened on Friday following an overnight plunge in US technology stocks. A stronger yen also weighed on sentiment, with chip-related stocks leading the decline. Renesas Electronics fell 3.9%, SoftBank Group slumped 7.3%, and...
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial...
The Institute for Supply Management (ISM) is scheduled to release its October Services Purchasing Managers' Index (PMI) on Wednesday. The report, a...
World markets kicked off November in an upbeat mood, riffing off buoyant company earnings and calmer trade relations while batting away OPEC's...
The ISM Services PMI rose to 52.4 in October 2025 from 50 in September, beating forecasts of 50.8, pointing to the strongest expansion in the...