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The US Dollar Index continues to advance as a federal court blocked Trump’s "Liberation Day" tariffs from taking effect.US Gross Domestic Product Annualized is expected to fall again by 0.3% in the first quarter.FOMC Meeting Minutes indicated that Fed officials broadly agreed that heightened economic uncertainty warranted a cautious approach to adjusting rates.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading more than 0.50% higher around 100.30 during the Asian...

The US Dollar is making a turnaround this Tuesday, snapping its losing streak. Some support for the Greenback with the Fed confirming steady interest rates. The US Dollar Index heads above 99.00 in search of the 100.00 figure. The US Dollar Index (DXY), which tracks the performance of the Greenback’s value against six major currencies, is tying up some minor gains, trading around 99.40 at the time of writing this Tuesday. The stronger Greenback has emerged right at the end of Asian trading hours, after the Japanese Ministry of Finance (MoF)...

US Dollar Index rebounds from Monday’s five-week low of 98.70.The Greenback appreciates as 10- and 30-year US Treasury yields are trading lower at 4.46% and 4.97%, respectively.President Trump's “One Big Beautiful Bill” is on the way to the Senate floor for Voting.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its recovery from a five-week low of 98.70, recorded in the previous session. On Tuesday, the DXY is trading around 99.30 during the European hours.The Greenback receives support as...

AUD/USD pair reaches 0.6537 at the start of the week’s session, a level last seen on November 25, 2024.AUD/USD braces for volatility with US Durable Goods and Consumer Confidence Data.AUD/USD retreats from six-month high but remains steady with resistance firming at 0.6500.The Australian Dollar (AUD) is consolidating within a narrow range against the US Dollar (USD) after reaching a six-month high early Monday. However, the pair retreated from the highs ahead of Tuesday’s key economic data.Recent broad-based weakness in the US Dollar has supported demand for risk-sensitive currencies, allowing AUD/USD...

The US Dollar Index struggles as traders adopt caution due to growing debt concerns in the United States.The House of Representatives has advanced Trump's “One Big Beautiful Bill” to the Senate floor.US 30-year bond yield retreated after hitting 5.15% on Thursday, the highest in 19 months.The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, depreciates toward two-week lows. At the time of writing, the DXY is trading around 99.60, remains under pressure as the 30-year yield on US Treasury bond is...

Japan’s Prime Minister Shigeru Ishiba said on Friday that there was no change in Japan's stance on US tariffs and its demand that they be eliminated.Key quotesNo change to our stance on U.S. tariffs.Discussed U.S. tariffs with President Trump.Discussed diplomacy, and security with Trump as well.There might be an occasion when I’ll visit the U.S. for in-person talks with President Trump.No change to our stance of demanding the elimination of tariffs.No change to our policy of talking with the U.S. about creating U.S. jobs.Market reaction   At the time of writing, USD/JPY is...

Japan’s Finance Minister Shunichi Kato said on Tuesday that he expects any talks with US Treasury Secretary Scott Bessent this week to be based on this understanding of foreign exchange.Key quotesWill hold bilateral meetings with counterparts at the G7 finance leaders’ meeting later this week.Expect to discuss various topics, including FX, if I were to meet Bessent on sidelines of G7 gathering.Will scrutinise the impact of U.S. fiscal, monetary policy on Japan’s economy, when asked about Moody’s downgrade of US debt rating.In previous bilateral meeting with Bessent, two sides confirmed...

A key congressional committee, the House panel, approved President Donald Trump’s tax cut bill early Monday, paving the way for possible passage in the House of Representatives later this week."The deliberations continue at this very moment. They will continue on into the week, and I suspect, right up until the time we put this big, beautiful bill before the House," House Budget Chairman Jodey Arrington said.Market reaction The US Dollar was last seen trading 0.30% lower on the day at 100.80. US Dollar PRICE Today The table below shows the percentage...

The US Dollar jumps up over 1% against most major peers, after news of a deal between China and the US. Both countries agreed to slash tariffs for 90 days following two days of talks in Switzerland. The US Dollar Index pops to 101.65, benefiting from the relief in US-China tensions. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, exceeds a more than 1% rally on Monday after China and the United States (US) agreed to a 90-day pause in their trade war...

The US Dollar Index edges to 99.60 as the Taiwan Dollar posts the biggest intraday jump in over 30 years.ISM Services PMI climbs to 51.6 in April, beating estimates and March’s 50.8 reading.Treasury Secretary Bessent says trade deals may be reached this week; deficit reduction targeted.Market activity remains thin with holidays in China and the United Kingdom.The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, posted mild gains on Monday as the Taiwan Dollar surged over 5%. The move sparked a...