The US Dollar Index fell to 98.7, near a three-year low of 98.0 last seen in April, after weaker-than-expected inflation data dampened market sentiment. US consumer prices rose 2.4% year-on-year in May, up from 2.3% in April but slightly below market consensus of 2.5%.
Energy prices have fallen 3.5% over the past year, while food prices rose 2.9%. Core inflation—which excludes food and energy—held steady at 2.8%, slightly below forecasts of 2.9%. Despite the weaker data, inflation remains above the Federal Reserve's 2.0% target, reinforcing expectations that policymakers are unlikely to rush to cut interest rates, even amid renewed pressure from President Trump.
Separately, President Trump announced that a trade deal with China had been finalized after talks in London this week, although it still awaits formal approval.(alg)
Source: Trading Economics
The US Dollar (USD) starts the week on a firmer note, extending its modest recovery since Thursday, as easing global trade tensions lift investor sentiment. Interestingly, the Greenback, which typical...
The US dollar (USD) started the week on a positive note, continuing its modest recovery since Thursday, as easing global trade tensions boosted investor sentiment. Interestingly, the greenback, which ...
The US dollar index dipped to around 97.5 on Monday, retreating after a two-day advance as the euro strengthened following the weekend's US-EU trade agreement. The deal, which imposes a 15% tariff on ...
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...
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...
The Nikkei 225 fell 0.9% to below 40,700, while the broader Topix Index declined 0.8% to 2,908 on Tuesday, marking a third straight session of losses for Japanese equities. The initial optimism from recent trade agreements began to wane, and...
Asia-Pacific markets fell as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest...
Oil edges higher in early Asian trade, aided by renewed supply concerns. President Trump said that he would give Russian President Putin 10 or 12 days to reach a cease-fire with Ukraine or face more economic pressure from the U.S.. Previously,...
European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President...
Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...
Major bourses in Europe were higher on Monday, with the STOXX 50 adding 1.3% and the STOXX 600 gaining 1%, after the US and European Union reached a...