News
Important Only
USD: Risk environment softens on trade confrontation – ING
Global equity markets and the dollar start the week a little softer as trade tensions between the US and China start to reappear. It's not quite fair to say that the US-China trade deal reached in Geneva last month is unravelling, but both sides clearly seem frustrated.Fxstreet
Mon, Jun 2
US Dollar Index drops below 99.00 due to tariff threats, ISM Manufacturing PMI awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is depreciating by more than 0.50% and trading near 98.80 during the European hours on Monday.Fxstreet
Mon, Jun 2
USD firmer but tariff, fiscal uncertainties persist – Scotiabank
Tariffs were off Tuesday night and were back on again, at least for now, Thursday afternoon after a Federal Appeals Court allowed the president’s tariff plans to remain in place pending further rulings, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Fri, May 30
USD: Trust in the US is shaken – Commerzbank
Yesterday, there was a brief glimmer of hope that US courts might overturn the US government's tariff policy. The resulting recovery of the US dollar was short-lived. After an appeals court blocked a corresponding injunction, the dollar took a significant hit. Of course, the ruling is preliminary.Fxstreet
Fri, May 30
USD: April spending and inflation data in focus – ING
Yesterday's dollar rally didn't last long. It quickly became clear that the Trump administration would pursue other trade laws to enact its tariffs, and later, the US Court of Appeals proposed a delay in the original court ruling that tariffs were illegal.Fxstreet
Fri, May 30
US Dollar Index rebounds modestly as US Appeals court puts tariff-ban on hold
The US Dollar (USD) recovers on Friday after a sharp sell-off the previous day, with investors remaining uncertain over the existence of majority of tariffs imposed by United States (US) President Donald Trump on all of his trading partners since his return to the White House this year.Fxstreet
Fri, May 30
Dow Jones Industrial Average gives up tech rally gains as policy confusion sets in
The Dow Jones Industrial Average (DJIA) whipsawed through the overnight session and into Wednesday’s trading window, with investors piling back into the tech rally after Nvidia (NVDA) posted better-than-expected quarterly earnings in Q1.Fxstreet
Thu, May 29
USD: Trade wars can be messy – ING
FX markets should focus on two themes today: the US Court of International Trade ruling that the majority of President Trump's tariffs are illegal, and insights from the minutes of the 7 May FOMC meeting, which suggest that dollar selling in April was driven by hedging rather than outright sales ofFxstreet
Thu, May 29
US Dollar Index rises to near 100.50 after court ruling Trump tariffs, Q1 GDP data eyed
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading more than 0.50% higher around 100.30 during the Asian hours on Thursday.Fxstreet
Thu, May 29
US Dollar Index jitters as Fed Meeting Minutes reveal increasingly-cautious Fed
The latest Meeting Minutes from the Federal Reserve's (Fed) Federal Open Market Committee (FOMC) rate meeting on May 6-7 indicate a historically rooted wait-and-see approach. At this meeting, policymakers observed that the US Dollar's (USD) status as a safe haven has recently diminished.Fxstreet
Wed, May 28
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering more than 0.50% gains in the previous session. The DXY is trading around 99.60 during the European hours on Wednesday.Fxstreet
Wed, May 28
US Dollar Index (DXY) advances to weekly top around 99.80; lacks bullish conviction
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains positive traction for the second consecutive day on Wednesday and moves further away from the monthly low touched earlier this week.Fxstreet
Wed, May 28
US Dollar Index rebounds toward 99.50 as trade tensions ease, but bearish pressure lingers
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD), is pushing upward as market participants respond to fading trade tensions. Markets are drawing fresh optimism from President Trump's decision to delay the implementation of 50% tariffs on EU imports.Fxstreet
Wed, May 28
US Dollar Index rises toward 99.50, recovery appears from five-week lows
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its recovery from a five-week low of 98.70, recorded in the previous session. On Tuesday, the DXY is trading around 99.30 during the European hours.Fxstreet
Tue, May 27
