Saturday, 26 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dollar Weakens on US Downgrade
Monday, 19 May 2025 13:16 WIB | US DOLLAR |DOLLAR

The US dollar index fell slightly to around 100.7 on Monday, following a surprise downgrade of the US government's credit rating. Moody's Ratings announced late Friday that it had stripped the US of its top credit rating, lowering it to Aa1, due to concerns about the nation's growing $36 trillion debt, in a move that could complicate President Trump's efforts to cut taxes. Treasury Secretary Scott Bessent dismissed the cut's significance on Sunday, saying the administration would spur economic growth that would outpace the national debt. He also warned trade partners that they would face the tariff rates President Trump threatened last month if they failed to negotiate in "good faith." Additionally, a series of mostly weak economic data released last week have fueled expectations that the Federal Reserve could still cut interest rates twice this year. The greenback weakened against several Asian currencies.

Source: Trading Economi

RELATED NEWS
US Dollar Strengthens Amid Fed Uncertainty And Renewed Trade Optimism ...
Friday, 25 July 2025 23:11 WIB

The US dollar (USD) traded with positive sentiment for the second consecutive day on Friday (July 25th), driven by upbeat US economic data and renewed optimism about trade. On Thursday, better-than-ex...

Dollar steadies as focus shifts to Fed, BOJ meetings ...
Friday, 25 July 2025 13:11 WIB

The dollar inched off two-week lows on Friday, but kept on track for its biggest weekly drop in a month, as investors contended with U.S. tariff negotiations before an August 1 deadline, while looking...

US Dollar Index gains traction to above 97.50 amid mixed US economic data ...
Friday, 25 July 2025 09:18 WIB

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in positive territory for the second consecutive day around 97.55 duri...

Dollar Weakens as Trade Progress Boosts Other Currencies ...
Thursday, 24 July 2025 09:04 WIB

The US dollar index slipped toward 97 on Thursday, nearing a three-week low, as progress in trade talks with major partners lifted rival currencies. Reports indicated that the US and EU are moving clo...

US Dollar Weakens Despite US-Japan Trade Deal ...
Wednesday, 23 July 2025 23:12 WIB

The US dollar (USD) stabilized on Wednesday (July 23rd) after a sharp three-day decline. Traders appeared to be taking a breather as global trade tensions eased slightly after the US and Japan reached...

LATEST NEWS
S&P 500 Hits Fifth Straight Record Close

The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as...

Oil Prices Plummet, Closing At Three-Week Low Amid US And China Economic Concerns

Oil prices weakened on Friday (July 25th) and closed at a three-week low as traders worried about negative economic news from the US and China and signs of increasing supply. The losses were limited by optimism that a US trade deal could boost...

Gold Weakens As Dollar Strengthens, Trade Deal Hopes Reduce Safe-Haven Demand

Gold prices weakened on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations, which have dampened demand for safe-haven assets. Spot gold fell 0.9% to $3,336.01 an ounce at 2:01 PM ET (18:01 GMT). U.S....

POPULAR NEWS
European Stocks Close Sharply Higher
Wednesday, 23 July 2025 23:25 WIB

European stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US...

Indonesia Stocks Hit Near 9-Month High, Break 7,500
Thursday, 24 July 2025 15:19 WIB

Equities in Indonesia rose 64 points, or 0.9%, to 7,555 around noon on Thursday, gaining for a second straight session and supported primarily by...

European Central Bank set to pause interest rate cuts amid US-EU trade uncertainty
Thursday, 24 July 2025 18:08 WIB

The European Central Bank (ECB) is on track to leave its key interest rates unchanged after its July policy meeting, after having reduced rates at...

Japan's Topix hits record high as Asia-Pacific stocks climb on trade deal optimism
Thursday, 24 July 2025 07:36 WIB

Asia-Pacific markets opened higher as the latest trade developments between the U.S. and Japan, as well as positive signs for a deal with the...