- The US Dollar Index is under pressure amid persistent trade-related uncertainties.
- There is rising speculation that Washington might be leaning toward a weaker dollar to advance its trade objectives.
- Improved global trade sentiment has reduced recession concerns, leading markets to scale back expectations for Fed rate cuts.
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading lower at around 100.90 during Thursday's Asian session. The Greenback remains under pressure as investors assess ongoing trade-related uncertainties, despite a recent easing in tensions.
Speculation is growing that Washington may be favoring a weaker dollar to support its trade agenda. The Trump administration has argued that a strong dollar, compared to weaker regional currencies, has put US exporters at a disadvantage.
Improved global trade sentiment has eased recession fears, prompting markets to dial back expectations for Federal Reserve (Fed) rate cuts. LSEG data shows a 74% chance of a 25-basis-point cut in September, down from earlier bets on a July cut, , offering some support to the US Dollar.
On the geopolitical front, senior Iranian official Ali Shamkhani said Wednesday that Iran is willing to sign a nuclear deal with President Trump. NBC reports the proposal includes Iran's pledge to never develop nuclear weapons in return for the immediate lifting of all US sanctions.
Meanwhile, US inflation continues to cool. April’s Consumer Price Index (CPI) rose 2.3% year-over-year, slightly below March’s 2.4% and market forecasts, marking a three-year low for annual headline inflation. However, this may be the last strong CPI reading for a while, as the Trump administration's upcoming tariffs on key trading partners are set to take effect in May.
The US Dollar’s recent rally, driven by hopes of US-China tariff relief, is losing steam as traders refocus on the broader implications of US trade policy. Attention now turns to the upcoming US Retail Sales and Producer Price Index (PPI) data, due later Thursday.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.16% | -0.11% | -0.31% | -0.10% | -0.17% | -0.13% | -0.31% | |
| EUR | 0.16% | 0.04% | -0.16% | 0.06% | -0.02% | 0.04% | -0.16% | |
| GBP | 0.11% | -0.04% | -0.19% | 0.01% | -0.07% | 0.02% | -0.17% | |
| JPY | 0.31% | 0.16% | 0.19% | 0.21% | 0.14% | 0.18% | 0.01% | |
| CAD | 0.10% | -0.06% | -0.01% | -0.21% | -0.06% | -0.01% | -0.18% | |
| AUD | 0.17% | 0.02% | 0.07% | -0.14% | 0.06% | 0.06% | -0.09% | |
| NZD | 0.13% | -0.04% | -0.02% | -0.18% | 0.00% | -0.06% | -0.16% | |
| CHF | 0.31% | 0.16% | 0.17% | -0.01% | 0.18% | 0.09% | 0.16% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
作者：Akhtar Faruqui，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
加载失败()