The US Dollar (USD) is weaker as US equity futures dip in response to Treasury Secretary Bessent expressing no concern about recent equity market volatility and President Trump saying that reciprocal and sectoral tariffs will be announced on April 2, apparently upping the tariff ante yet again.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, could see an outburst in volatility this week amid geopolitical developments and the Federal Reserve (Fed) meeting.
Beyond all the uncertainty associated with this year's on-again-off-again US tariffs, one core theme weighing on US interest rates and equities has been the fear of a slowing US consumer.
The US Dollar Index (DXY), which tracks the US Dollar's (USD) performance against six major currencies, remains under pressure for the second straight session, hovering around 103.70 during Monday's European trading hours.
The Dow Jones Industrial Average (DJIA) fought back at the brink on Friday, clawing back roughly 500 points following a string of bad losses that saw the Dow Jones crumble 3,373 points, or -7.66%, peak-to-trough over a two-week period.
The Dollar Index (DXY) is trading lower at the end of the week.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, sees volatility abate this week.
The Dollar Index (DXY) is back above 104 again as European currencies soften a little.
The US Dollar Index (DXY), which tracks the US Dollar (USD) against six major currencies, extends its winning streak for a third consecutive day amid improved Treasury yields.
The US Dollar (USD) bounced back on Thursday, reclaiming the 104.00 level as traders reacted to softer-than-expected Producer Price Index (PPI) data and positive jobless claims figures.
The Dow Jones Industrial Average (DJIA) fell some 550 points on Thursday, declining one and one-third of a percent after United States (US) President Donald Trump and his administration ramped up their trade war rhetoric.
The USD is tracking a little higher so far today but markets appear to be idling as investors await data and developments.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat on Thursday, above 103.70 at the time of writing.
The bond market had a counterintuitive reaction to yesterday’s cooler-than-expected core CPI data (0.2% MoM), with the Fed’s terminal rate pricing inching higher and Treasuries soft across the curve.
The US Dollar steadies on Wednesday, with DXY hovering around 103.50 as traders digest the latest Consumer Price Index (CPI) data.
The Dow Jones is down around 150 points on Wednesday, bearing the brunt of broad-market trade war fears as the United States (US) imposes a global 25% tariff on all steel and aluminum imports into the US market.
The US Dollar (USD) is trading a little higher overall on the session, but gains are limited and price action suggests the DXY is consolidating recent losses, rather than reversing, at this point, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat and stabilizes on Wednesday while traders await the United States (US) Consumer Price Index (CPI) release for February.
Global risk sentiment continued to sour yesterday as President Trump announced he’d double tariffs on Canadian steel and aluminum to 50%, and later pulled the threat as Ontario suspended a 25% surcharge on electricity exports.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, recovers to near 103.55 after bouncing off four-month lows around 103.20.