The US Dollar Index (DXY) corrected sharply after President Trump's tariff announcements, pausing around the 107.00 region. The Greenback's outlook remains uncertain due to fluctuating trade policy, but strong US fundamentals and a cautious Federal Reserve continue to support the Dollar.
The US Dollar Index resumed its weekly downtrend. Attention remains on Trump's plans around tariffs. The US labour market remained firm in January. In quite volatile last few days, the US Dollar kicked off the week with fresh cycle highs just below the key 110.00 hurdle on the back of President Donald Trump’s announcement of 25% tariffs on imports from Canada and Mexico, while adding a 10% levy on goods from China.
Lastly, Minneapolis Fed President Neel Kashkari said that if inflation fell further, he would support modest rate cuts by year’s end, barring any major surprises from tariffs or other policy actions. A word of caution from the positioning perspective Non-commercial players, otherwise known as speculators, have been adding long positions to their USD holdings since last November.
US Dollar Tariff Federal Reserve Inflation Labour Market
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD rises above 1.4400 as US Dollar Index rallies toward two-year highsUSD/CAD continues its winning streak for the fourth successive session, trading around 1.4420 during the Asian hours on Friday.
Read more »
US Dollar Index Price Forecast: Sits near two-year peak, above 109.00 ahead of US NFPThe US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, stands firm above the 109.00 mark, or its highest level since November 2022 as traders await the US Nonfarm Payrolls (NFP) report before placing fresh bets.
Read more »
US Dollar Index stabilizes ahead of December’s Nonfarm Payrolls reportThe US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is trading steady this Friday, at 109.17 at the time of writing, ahead of the US employment report due later.
Read more »
US Dollar Index surges to near 110.00 due to rising odds of Fed maintaining ratesThe US Dollar Index (DXY), which tracks the US Dollar’s (USD) performance against six major currencies, reached 109.98, the highest level since November 2022, during the Asian hours on Monday.
Read more »
Dollar Index Rises, Global Markets in FluxThe Dollar Index is on the rise, potentially reaching 111 before peaking. The Euro dipped but recovered, remaining vulnerable to further decline. Other currencies like EURINR, AUDUSD, and Pound show bearish trends. Key economic indicators, including US PPI and CPI data, are expected to influence market movements. US Treasury yields remain elevated, and global stock indices exhibit varied performance.
Read more »
US Dollar Index fades off its over-two-year high in search of supportThe US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, edges lower and dips below 110.00 on Tuesday, extending the previous day’s retracement from an over-two-year high of 110.18.
Read more »