The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades lower, roughly 0.60% on Thursday. The knee-jerk reaction originates from United States (US) President Donald Trump and US Treasury Secretary Scott Bessent. Both individually said that no unilateral offer was made to China from the US to lower tariffs, while Trump said that reciprocal tariffs could be revisited if negotiations are not going the way the Trump administration wants them to go, Bloomberg reports.
On the economic calendar front, Durable Goods is painting a very split picture.
The headline Durable Goods number is a whopping 10.4% surge against the previous 0.8% where a 2.0% was expected for March. Though, the caveat comes with the core Durable Goods where cars and transportations are left out, which sinks to 0%, a standstill, against the previous 0.7% and expected 0.2%.
Source: FXStreet
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