Trump's announcement regarding a hold on tariffs immediately weakened the US Dollar against major currencies. The Dollar Index dipped below 108.75, with potential support around 108.00-107.75. Global markets saw various reactions, including the Euro's rise, volatile EURINR, and USDJPY's dip back towards support. Analysts provided insights on AUDUSD, Pound, EURJPY, USDCNY, and USDINR, outlining potential movements based on current trends. The report also touched upon US Treasury yields, German yields, and global indices like the Dow Jones, DAX, Nifty, Nikkei, and Shanghai Composite. Finally, it discussed the impact on crude, gold, silver, copper, and natural gas prices.
The Trump 's statement on not imposing tariffs immediately led the Dollar to weaken against major currencies. The Dollar Index has broken below 108.75 but could find deeper support around 108.00-107.75 region. Our target of 111 is kept on hold for now. The Euro has risen well but could face rejection from 1.04.
has slipped again to support around 155, but while it holds; there could be scope to see a rise back towards 158 in the near term. has an upside caped at 164 and a break below 160 if seen, can drag it lower to 157-156.
CURRENCY MARKETS DOLLAR EURO TRUMP TARIFFS YIELD INDEXES
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