The US dollar rose on Tuesday, rebounding after last session’s losses as a result of a sell-off in technology stocks, driven by growing concerns about trade wars and their impact on global growth. The dollar index, which tracks the greenback’s performance against a basket of six major currencies, increased 0.5% to 107.725, although it remained […]
Dollar Gains Ground Amid Tariff Concerns, Euro Looks Toward ECB Meeting
The US dollar gained on Monday, recovering from recent losses as attention turned back to the potential for trade tariffs under the Trump administration at the start of a week in which the Federal Reserve is set to hold its monetary policy meeting. The dollar index, which analyzes the behavior of the greenback in comparison […]
Dollar Falls on Tariff Uncertainty, Pound Remains Weak
The U.S. dollar declined on Wednesday amid uncertainty over President Trump’s tariff plans, while sterling fell on disappointing government borrowing data. The dollar index, which measures the greenback against a basket of six other currencies, was trading 0.1% lower at 107.755 after a drop of more than 1% at the start of the week. Dollar […]
Dollar Slumps After WSJ Report, Trump Tariffs May Be Delayed
The U.S. dollar declined on Tuesday following a report from The Wall Street Journal suggesting that President-elect Donald Trump would delay imposing trade tariffs immediately after his inauguration. This expectation had previously bolstered the U.S. currency following Trump’s victory in the November election. In Tuesday’s trading, the dollar index, which measures the U.S. currency against […]
Dollar retreats ahead of Trump’s inauguration; euro rebounds from record lows
Interest rates are asleep today and US dollar has made big declines in the beginning of this week as it wants to face with a giant political shift with Donald Trump back to the president. The Dollar Index — which gauges the dollar’s stregnth against a basket of six other currencies — fell by 0.3%, closing at […]
Dollar Depreciates in Light of CPI, Pound Stabilizes
The U.S. dollar declined on Wednesday amid a cautious environment ahead of the release of U.S. consumer prices, while sterling lost ground after the release of positive inflation data. The dollar index, which tracks the greenback against a basket of six currencies, was trading 0.2% lower at 108.895, off more than two-year highs set earlier […]
Dollar Falls on PPI Expectations, Pound Under Pressure
The U.S. dollar declined on Tuesday, weighed by uncertainty over President-elect Donald Trump’s monetary policy stance. However, it remained near two-year highs ahead of the release of key inflation data for the week. In early trading, the dollar index, which tracks the greenback against a basket of six other currencies, was trading about 0.4% lower […]
Dollar Firms Ahead of CPI Release, Pound Struggles to Regain Ground
The U.S. dollar strengthened on Monday, remaining at elevated levels following robust U.S. payroll data, while the British pound faced continued pressure, extending recent losses. In early trading, the dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.4% higher at 109.930, after reaching its highest level on […]
Dollar Higher on Rising Treasury Yields, Euro Lower on Weak Data
The U.S. dollar strengthened on Wednesday, supported by rising Treasury yields after positive U.S. economic data, while weak industrial orders in Germany weighed on the euro. Today, the Dollar Index, which compares the performance of the U.S. dollar against a basket of six other currencies, was trading 0.3% higher at 108.690. Dollar Rallies as Treasury […]
Dollar in Decline, Euro Eyes Inflation Data
The U.S. dollar declined on Tuesday, hitting a one-week low after reports suggested President-elect Donald Trump’s tariff policies could be more lenient than initially expected. Meanwhile, the euro gained ground ahead of crucial inflation data. The dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.3% lower at […]