The U.S. dollar rose on Wednesday, while the euro retreated ahead of a no-confidence vote in France later in the day, which could topple the fragile coalition government. The Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 106.465. Dollar Continues to Attract Attention The dollar remained […]
Euro Normalizes Amid French Instability Concerns
The euro rose on Tuesday, recovering some ground after political turmoil in France prompted traders to hedge against further price volatility. Meanwhile, the Chinese yuan dropped to a 13-month low due to tariff risks and economic weakness in China. The yen, which gained approximately 4.5% over the past two weeks, retreated slightly against the dollar […]
Trump Threatens to Impose 100% Tariffs if BRICS Challenge the Dollar
Incoming President Donald Trump on Saturday issued a direct threat to impose 100% tariffs on a bloc of nine nations if they attempt to undermine the value of the U.S. dollar. His warning targeted the BRICS alliance member countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Additionally, Turkey, Azerbaijan, […]
Dollar Depreciates on Trump Nominations, Euro Recovers
The U.S. dollar retreated on Monday, giving up some of its recent gains, as the nomination of Donald Trump’s choice for U.S. Treasury Secretary appeared to provide reassurance to the bond market. Meanwhile, the euro recovered from last week’s two-year low. The Dollar Index, which measures the greenback against six other currencies, fell 0.6% to […]
Dollar Rises on Safe-Haven Bid, Pound Gains on CPI Data
The U.S. dollar rose on Wednesday, supported by its safe-haven status after the closure of the U.S. embassy in Kyiv, Ukraine, while the British pound gained strength as U.K. inflation in October exceeded expectations. Earlier in the day, the Dollar Index, which measures the greenback against six other currencies, traded 0.3% higher at 106.490, recovering […]
Dollar Continues to Rise, Trump’s Political Appointees Take Center Stage
The U.S. dollar rose on Tuesday after retreating from one-year highs reached last week. Traders sought political direction as attention shifted toward President-elect Donald Trump’s cabinet selections. In early trading, the Dollar Index, which tracks the greenback against a basket of six other currencies, climbed 0.2% to 106.427, recovering from a 0.4% decline in the […]
Dollar Slips From Recent Highs, Fed Speeches Planned
The U.S. dollar retreated slightly from its recent one-year highs at the start of a week with limited notable economic data but featuring remarks from several Federal Reserve officials. The dollar index, which tracks the dollar’s performance against six other major currencies, rose by 1.6% in the previous week, marking its sixth weekly gain out […]
Dollar Slightly Down on U.S. Inflation Expectations
The U.S. dollar softened slightly on Wednesday, pulling back from six-month highs as markets awaited critical U.S. inflation data. This report is expected to offer further insight into the future trajectory of interest rates in the world’s largest economy. Earlier in the session, the Dollar Index, which measures the greenback against a basket of six […]
Dollar Extends Gains Amid Trump Administration Optimism and Fed Speculation
The U.S. dollar surged to a four-month high on Tuesday as markets adjusted to the anticipated economic changes under the incoming Trump administration. Traders are also positioning for potential shifts in Federal Reserve policy, further fueling the dollar’s momentum. Trump Trade Fuels Dollar Rally Throughout the past week, the dollar experienced heightened demand as traders […]
Dollar Remains Strong Ahead of CPI and Fed; Euro Bearish
The U.S. dollar strengthened on Monday, maintaining the momentum generated by Donald Trump’s return to the presidency. Investors are eyeing key inflation data due for release this week, alongside remarks from several Federal Reserve officials. The dollar index, which measures the greenback’s performance against a basket of six other currencies, rose by approximately 0.3% in […]