The U.S. dollar edged lower on Wednesday, as traders awaited more clarity from ongoing trade negotiations between the U.S. and China and looked ahead to the release of crucial inflation figures. As of 04:35 ET (08:35 GMT), the Dollar Index — which measures the greenback against six major currencies — slipped 0.1% to 99.032. Trade […]
Dollar Appreciates on Optimism in Trade Negotiations, Pound Sterling Hit by Weak Employment Data
The U.S. dollar gained ground on Tuesday, driven by optimism that trade tensions between the United States and China—the world’s two largest economies—might be easing. Trade talks, which began in London, entered their second day as both delegations aimed to resolve a dispute that has expanded beyond tariffs to include restrictions on rare earth minerals. […]
Dollar Declines Ahead of U.S.–China Negotiations, Euro Advances
The U.S. dollar fell on Monday, giving up some of Friday’s gains as optimism grew around upcoming trade discussions between the United States and China in London. As of 04:05 ET (08:05 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—was down 0.3% at 98.890. The dollar had previously […]
Dollar Falls Modestly Ahead of Employment Data and Prospective Trade Negotiations
The U.S. dollar edged lower on Wednesday amid fading optimism over trade negotiations and caution ahead of key employment data that could influence the Federal Reserve’s policy outlook. As of 04:55 ET (08:55 GMT), the U.S. Dollar Index — which measures the greenback against six major currencies — fell 0.2% to 99.002, hovering near its […]
Dollar Recovers Modestly After Hitting Six-Week Low, Euro Drops Prior to ECB Meeting
The U.S. dollar edged higher on Tuesday but remained close to its six-week low as growing uncertainty over trade policies clouded the outlook for the U.S. economy. Meanwhile, the euro weakened slightly ahead of key inflation data from the eurozone. As of 04:10 ET (08:10 GMT), the U.S. Dollar Index—which measures the greenback against a […]
Dollar Falls Sharply Amid Rising Trade Tensions
The U.S. dollar dropped sharply on Monday, starting the week under pressure as escalating trade tensions fueled concerns over a potential economic slowdown. By 03:00 ET (08:00 GMT), the Dollar Index — which measures the greenback against a basket of six major currencies — fell 0.6% to 98.630, hovering near its April 22 low. Dollar […]
Dollar Rises Slightly, but Gains Still Uncertain
The U.S. dollar inched slightly higher on Wednesday, buoyed by stronger-than-expected economic data, though lingering uncertainty around trade policies and the growing federal deficit limited further upside. As of 06:45 ET (10:45 GMT), the U.S. Dollar Index—which measures the greenback against six major currencies—rose 0.1% to 99.500. However, it remains down 8% year-to-date as investors […]
Dollar Recovers, Despite Ongoing Concerns About Trade and Debt
The U.S. dollar edged higher on Tuesday, buoyed slightly as traders returned from long weekends in the U.K. and U.S. However, lingering uncertainty over the Trump administration’s trade policies and a major tax-and-spending bill moving through Congress continued to weigh on sentiment. As of 05:40 ET (09:40 GMT), the U.S. Dollar Index—which measures the greenback […]
Dollar Falls Amid Trump’s Delay in Imposing Tariffs on the EU
The U.S. dollar weakened against major currencies as U.S. equity futures climbed following President Donald Trump’s decision to delay a planned tariff hike on the European Union. The U.S. Dollar Index (DXY) initially fell but later recouped most of its losses. Meanwhile, the EUR/USD pair climbed as much as 0.5% before easing slightly to end […]
Dollar Keeps Falling, The Pound Sterling Rises on Higher Inflation
The U.S. dollar continued to decline on Wednesday, weighed down by uncertainty surrounding President Donald Trump’s proposed tax and spending bill. Meanwhile, the British pound gained ground following stronger-than-expected inflation data. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—dropped 0.4% to 99.595, extending […]