The U.S. dollar weakened on Monday, as ongoing uncertainty over the Trump administration’s trade policies continued to undermine investor confidence in the world’s reserve currency. As of 04:35 ET (08:35 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—fell 0.7% to 99.239, hovering near a three-year low. Dollar Drops […]
Daily Technical Analysis EUR/USD: The Pair Trades Around 1.1350 After Two Days of Gains
The EUR/USD pair edged lower during Monday’s trading, hovering near 1.1360 after two days of gains. The recent uptick was largely fueled by broad-based U.S. Dollar (USD) weakness, as mounting trade tensions between the U.S. and China reignited fears of a global economic slowdown. On Friday, China’s Ministry of Finance announced a steep increase in […]
Daily Technical Analysis EUR/USD: The Pair Escapes Downward Pressure, but Tariffs and Fed Caution Persist
EUR/USD saw a modest recovery on Tuesday, ending a two-day losing streak as traders locked in last-minute gains ahead of the Trump administration’s sweeping “reciprocal” tariffs, set to take effect on April 9. Meanwhile, growing market expectations of Federal Reserve rate cuts are clashing with policymakers’ caution, setting up a potential conflict between economic forecasts […]
Dollar Dragged Down by Recession Fears; Pound Sterling Punished by Weak Projections
The U.S. dollar traded steadily on Tuesday but remained near recent lows as fears of a potential U.S. recession, fueled by escalating trade tensions, continued to weigh on market sentiment. Meanwhile, the British pound slumped amid growing concerns over the U.K.’s economic outlook. Dollar Remains Under Pressure At 03:55 ET (07:55 GMT), the U.S. Dollar […]
Dollar Falls Due to Recession Fears, Euro and Yen on the Rise
The U.S. dollar weakened on Monday as recession concerns deepened and trade tensions escalated under the Trump administration’s tariff policies. At 05:30 ET (09:30 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, slipped 0.2% to 102.600. This decline follows last week’s drop to a six-month low before staging […]
Dollar Stabilizes Ahead of Key Tariff News; Euro Drops
The U.S. dollar remained range-bound on Wednesday as traders awaited clarity on the Trump administration’s latest tariff measures, set to be announced later in the session. As of 03:10 ET (08:10 GMT), the Dollar Index edged slightly lower to 103.900, following a 3% decline in March—its worst monthly performance since November 2022. Market Focus: “Liberation […]
Daily technical analysis EUR/USD: firms up as traders hold their breath in anticipation of tariffs
EUR/USD remained range-bound on Tuesday, hovering near the 1.0800 level as investors braced for U.S. President Donald Trump’s long-anticipated “reciprocal” tariffs package, set to be announced on Wednesday at 19:00 GMT (4:00 PM EST). The details of the tariff plan remain uncertain, with previous proposals shifting multiple times or facing delays—Trump has already postponed similar […]
Dollar Surges on Safe-Haven Demand Ahead of Fed Meeting
The U.S. dollar strengthened on Wednesday, benefiting from safe-haven flows after Turkish authorities detained Istanbul Mayor Ekrem Imamoglu, the main political rival of President Tayyip Erdogan. The Turkish lira plunged in response, hitting an all-time low. At 0:45 ET (11:45 GMT), the Dollar Index—which measures the greenback against a basket of six major currencies—traded 0.3% […]
Daily Technical Analysis EUR/USD: Hits Multi-Year Highs Ahead of Fed Rate Decision
EUR/USD edged higher on Tuesday, rising 0.2% as the pair continues testing the 1.0950 region. The euro reached a fresh 23-month high, supported by improved risk sentiment ahead of the Federal Reserve’s interest rate decision on Wednesday. Final European Harmonized Index of Consumer Prices (HICP) figures are also due midweek, though no major revisions are […]
Dollar Slips Ahead of Fed Meeting, Euro Rises Before German Vote
The U.S. dollar edged lower on Tuesday as investors awaited the Federal Reserve’s latest policy meeting, while the euro strengthened ahead of a key vote on Germany’s stimulus package. At 05:00 ET (09:00 GMT), the Dollar Index—which measures the greenback against a basket of six major currencies—traded 0.1 percent lower at 102.890, remaining above last […]