The Greenback on the backfoot this Tuesday while the US-China trade deal euphoria quickly fades. Traders see April’s US CPI release not really showing inflationary signals after Liberation Day. The US Dollar Index slips back to 101.50 after failing to reclaim the 102.00 level. The US Dollar Index (DXY), which tracks the performance of the US […]
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee took a cautionary stance on the ever-evolving trade stance of the Trump administration on Monday. According to Goolsbee’s interview with The New York Times, constantly-changing tariffs and trade strategies from the White House have thrown a very large wrench in plans for hiring and investment for
White House Press Secretary Karoline Leavitt addressed media staff on Friday, walking back some of the tone and market interpretations of President Donald Trump’s early morning tweets. Key highlights Trump confident in US Treasury Secretary Bessent with discussions (with China). The US needs to see concessions from China. Trump committed to the 10% baseline tariff.
Gold price struggles to capitalize on its weekly gains registered over the past two days. The optimism over US-China trade talks is seen weighing on the safe-haven commodity. Investors now look to the crucial FOMC policy decision for a fresh directional impetus. Gold price (XAU/USD) recovers slightly from the Asian session low, around the $3,360
GBP/USD rallied on Tuesday, bolstered by headlines of an incoming US-UK trade agreement. Specific details remain limited, but GBP markets were buoyed by hopes to avert US tariffs. The Pound Sterling settled 0.4% higher against the Greenback after testing 1.3400. GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the
The Japanese Yen attracts some intraday sellers on Tuesday, though the downside risk remains limited. Trade-related uncertainties and geopolitical risks continue to act as a tailwind for the safe-haven JPY. The divergent BoJ-Fed expectations further contribute to capping USD/JPY ahead of the FOMC meeting. The Japanese Yen (JPY) reverses an Asian session dip against its
Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision. Geopolitical risks coming from Trump and Israel are pushing investors back into Gold. The Greenback is losing its status as safe haven in favor of Bullion. Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time
US President Donald Trump said late Sunday that he is authorizing the US Trade Representative and the Commerce Department to begin the process of imposing a 100% tariff on imports of foreign-produced movies. Market reaction At the time of press, the US Dollar Index (DXY) was down 0.05% on the day at 99.98. Tariffs FAQs Tariffs
EUR/USD rebounds to near 1.1330 as the USD Index struggles to break above the key level of 100.00. The US Dollar faces pressure due to a weak US economic outlook in the face of Trump’s tariff policy. ECB officials have warned that risks to inflation are skewed to the downside. EUR/USD flattens around 1.1330 during
The US Dollar trades marginally higher against most major currencies. President Trump lashed out at Fed’s Powell again during a rally in Detroit. The US Dollar Index is capped below the 100.00 round level ahead of key US data. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six
NZD/USD lacks any firm intraday direction amid a combination of diverging forces. A positive risk tone supports the Kiwi, though a modest USD uptick caps the major. Mixed Chinese PMIs do little to provide any meaningful impetus to spot prices. The NZD/USD pair struggles to gain any meaningful traction during the Asian session on Wednesday
The US Dollar halts decline and sees the DXY US Dollar Index trade around 0.50% lower. China says tariffs need to go first, before talks can start. The US Dollar Index remains capped below the 100.00 round level. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six
USD/CAD retraces to near 1.3800 as the US Dollar surrenders initial gains. US President Trump has signaled a de-escalation in the tariff war with China. A sharp decline is expected in the USD/CAD pair if it breaks below the upward-sloping trendline around 1.3800. The USD/CAD pair retreats from the high of 1.3860 posted earlier in
The Australian Dollar appreciates as the US Dollar softens amid rising economic concerns. Trump struck an optimistic tone, suggesting a trade deal with China could be finalized within three to four weeks. Fed Chair Jerome Powell cautioned that a weak economy combined with sustained inflation could heighten the risk of stagflation. The Australian Dollar (AUD)
Japan’s Economy Minister Ryosei Akazawa said early Thursday that the officials agreed to hold a second meeting with the United States this month. Key quotes Told US negotiation counterparts Japan wants the best solution as soon as possible for both nations.Strongly requested revocation of tariffs on Japan.Agreed to hold a second meeting this month.Says there was no
USD/JPY price analysis: Dollar struggles amid trade tensions, pair capped below key moving averages USD/JPY trades around the 143 zone during Wednesday’s North American session US tariffs, weaker yields, and trade risks weigh on the Dollar’s broader outlook Technical resistance seen near 145.50–145.80 zone, while 142.40 offers key support The USD/JPY pair holds a modest
United States (US) Treasury Secretary Scott Bessent noted on Monday that the US isn’t even close to any emergency scenarios that nobody was even worried about to begin with. He also reiterated that the US will be pursuing “fair” trade negotiations with countries looking to secure exemptions from tariffs that the Trump administration sold as
