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 Approaches Lows Amid Tariff Uncertainty, Euro Gains Strength Ahead of ECB Decision
The U.S. dollar wavered on Tuesday, lingering near a three-year low as investor confidence remains shaken by the Trump administration’s erratic trade policies. As of 04:45 ET (08:45 GMT), the U.S. Dollar Index — which measures the greenback against six major currencies — edged down to 99.395, holding close to the lows reached last week. […]
Dollar Falls Due to Uncertainty Over Trade Policy; ECB Meeting Approaches
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 […]
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 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 […]
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% […]
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 […]