As Trump continues to threaten a 100% tariff increase on China in his tweets, the rebound of the US dollar index has encountered a relatively obvious resistance around 99.50. Powell’s remarks overnight, indicating support for two more rate cuts this year and hinting at a possible halt to balance sheet reduction in the future, have […]
The US dollar rose on Monday as currency traders, disregarding US President Donald Trump’s recent threat of imposing high tariffs on China, turned their attention to the progress of a possible trade deal between the world’s two largest economies. Trump’s unexpected threat on Friday to “significantly raise” tariffs on Chinese goods dealt a heavy blow […]
Asian currencies fell to their lowest levels since May as tensions between China and the United States over trade escalated again, prompting caution among traders. The Bloomberg Asia Dollar Spot Index fell as much as 0.2% to 91.51 on Monday, the lowest level since May 9. The export-sensitive New Taiwan dollar and South Korean won […]
Japan’s new ruling party leader, Sanae Takaichi, sought to reassure investors that she does not favor an overly weak yen, causing the yen to briefly reverse its decline. When Koshi made the above remarks, the yen had earlier on Thursday dropped to its lowest level against the US dollar in eight months at 153.22. Shortly […]
The status of the yen as a safe haven during times of global tension is facing increasing skepticism, which could intensify the selling that sent the yen to an eight-month low this week. For decades, whenever markets have been hit by shocks ranging from financial crises to geopolitical turmoil, investors have turned to the Japanese […]
Emerging market currencies fell on Wednesday, weighed down by a stronger US dollar, as traders analyzed mixed signals from Federal Reserve officials on the future path of interest rates. The MSCI index tracking emerging market currencies fell 0.2%, with the Hungarian forint, Czech koruna, Brazilian real and Polish zloty all dropping by at least 0.8%. […]
The governor of the Bank of Canada, Tiff Macklem, said that the status of the US dollar as a “global safe asset” could be undermined by President Donald Trump’s trade policies. In his speech on Tuesday, McLeum said that global investors are considering whether the United States’ dominance in global financial flows will weaken as […]
Citigroup analysts denied the claim that global investors are seeking to reduce their reliance on the US dollar, saying that the notion of de-dollarization is a “mirage” unsupported by economic data. In a report to clients, strategists led by Osamu Takashima wrote that the dollar has fallen by nearly 9% this year, but US balance […]
Gold prices have remained on the decline as traders’ cautious attitude towards the possibility of future interest rate cuts by the Federal Reserve and the strengthening of the US dollar have curbed the recent rise in gold. Gold prices were about $60 lower than the record high set on Wednesday, which was triggered by the […]
Before the Federal Reserve made its decision, the US dollar was close to its lowest level since March 2022, and it is expected that Fed policymakers will resume cutting interest rates to support the weak labor market. The US dollar index fell for the third consecutive day, down 0.1%. Traders are awaiting the central bank’s […]