The U.S. dollar plunged on Monday, hitting multi-year lows, as investors grew uneasy over potential political interference in the Federal Reserve’s independence. Comments from the White House hinting at a possible leadership shake-up at the central bank added to investor jitters. By 08:55 ET (14:55 GMT), the U.S. Dollar Index—which tracks the greenback against a […]
Dollar Further Weakened by the Effects of the Trade War; Pound Sterling Strengthens Despite Soft Inflation
The U.S. dollar extended its decline on Wednesday, weighed down by growing concerns over the Trump administration’s escalating trade war, while the British pound and euro advanced despite mixed economic data. As of 04:40 ET (08:40 GMT), the Dollar Index — which measures the greenback against six major currencies — fell 0.5% to 99.452. The […]
Dollar Plummets Amid Intensifying U.S.-China Trade War
The U.S. dollar weakened sharply on Wednesday after President Donald Trump announced a steep increase in tariffs on China, raising concerns about a prolonged trade war and the risk of a U.S. recession. As of 04:10 ET (08:10 GMT), the Dollar Index—which measures the greenback against a basket of six major currencies—fell 0.4% to 102.277, […]
Dollar on a Tightrope, The Euro Gains Despite Disappointing PMI
The US dollar fell on Wednesday, trading defensively following the Trump administration’s agreement with its neighbors, Canada and Mexico, to delay tariffs. Meanwhile, the euro gained despite weak regional services activity data. The dollar index, which analyzes the evolution of this currency in comparison to a basket of six other major currencies, was trading down […]
Dollar Catapults After the Announcement of Tariffs, The Euro Is Severely Punished
The US dollar surged on Monday, reaching a three-week high after US President Donald Trump followed through on his threat of additional trade tariffs, increasing demand for the safe-haven currency. The dollar index, which tracks the behavior of the US dollar against a basket of six other currencies, was trading nearly 1% higher at 109.305 […]
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 […]