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 […]
Dollar Drops Again After the Tax Vote, the Euro Rises Because of Peace Talks in Ukraine
The U.S. dollar edged lower on Tuesday as markets focused on a pivotal tax bill vote, while the euro strengthened amid rising hopes for peace talks between Ukraine and Russia. 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 0.3% […]
Dollar Plummets After Moody’s Downgrade; Euro and Pound Sterling Rise
The U.S. dollar tumbled on Monday following a surprise downgrade of the country’s sovereign credit rating by Moody’s, just days before a critical vote on President Donald Trump’s tax reform bill. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index — which tracks the greenback against six major currencies — had fallen 0.7% to […]