The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is trading softer near 108.30 as investors react to mixed economic data and fresh tariff concerns.
The US Dollar Index trades lower near 108.30 as market sentiment remains cautious. Trump confirms 25% tariffs on steel and aluminum imports but provides no clear implementation timeline. Investors await Powell’s testimony for further clues on the Federal Reserve’s policy outlook. US CPI data from January is also due this week. The US Dollar Index , which measures the value of the US Dollar against a basket of currencies, is trading softer near 108.
Sustained selling pressure could lead to a retest of the 107.00 psychological level, with potential downside risks if bearish momentum accelerates. US-China Trade War FAQs What does “trade war” mean? Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
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.
US Dollar Index bounces after upbeat ADP release ends correction for now in DXYThe US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is finding some support in an otherwise downbeat trading session on Wednesday ahead of the US Purchase Managers Index (PMI) releases from both
Read more »
US Dollar Index trades flat after hawkish Powell defies President TrumpThe US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, trades flat at around 108.00 at the time of writing on Thursday.
Read more »
US Dollar gains after US Goverment's tariff hintsThe US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, extended its gains on Tuesday, consolidating above the psychological 108.00 level.
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 »
AUD/USD Price Forecast: A drop to 0.6000 should not be ruled outThe US Dollar (USD) kicked off a new trading week on a strong foot, sending the US Dollar Index (DXY) past the key barrier of 110.00.
Read more »
AUD/USD Price Forecast: Recovery appears only temporaryThe US Dollar (USD) added to Monday’s losses, pushing the US Dollar Index (DXY) to the low-109.00s on turnaround Tuesday.
Read more »