The U.S. dollar edged higher on Monday as investors reacted to President Donald Trump’s announcement of 25% tariffs on all steel and aluminum imports, with additional reciprocal tariffs expected midweek. U.S. Dollar Index (DXY): Up 0.1% to 108.17 USD/JPY: Up 0.59%, reversing last week’s yen rally EUR/USD: Flat at $1.0329 …
Read More »Dollar Steady Ahead of U.S. Jobs Data, Yen Gains on Rate Hike Bets
The U.S. dollar held steady on Friday as traders awaited key U.S. payroll figures, while the yen climbed to a nine-week high on expectations of further rate hikes in Japan. Key Currency Movements Dollar Index: Flat at 107.63, down 2.1 percent from Monday’s high of 109.88, as global trade tensions …
Read More »Forex: U.S. Dollar Steadies Amid Trade Tensions as Markets Assess Tariff Risks
The U.S. dollar held firm on Tuesday as investors viewed President Donald Trump’s tariff threats primarily as a negotiating tactic rather than an immediate escalation of trade hostilities. This assessment followed Trump’s decision to suspend planned tariffs on Mexico and Canada, a move that provided temporary relief to markets. However, …
Read More »Yen Slips to Multi-Month Lows Against Major Currencies
The yen dipped close to a four-month low against the US dollar and a 16-year low against the euro on Wednesday, driven by expectations of sustained accommodative monetary policy in Japan despite the Bank of Japan’s recent policy shift. On Wednesday, the yen touched its lowest level in four months …
Read More »Forex: Dollar Stabilizes Ahead of Central Bank Meetings Worldwide
On Monday, the dollar steadied as traders braced for a week dominated by central bank meetings across the globe, with particular focus on policy developments in Japan and the United States. Bank of Japan’s Policy Shift Attention is squarely on the Bank of Japan, with indications suggesting a potential end …
Read More »US Dollar Rises After Russian Nuclear Weapon relocation
Russia has relocated its tactical nuclear weapons from its boundaries into Belarus, a neighbouring country that is several hundred miles closer to NATO territory. This was confirmed by Western officials to Foreign Policy. This development was a reaction to NATO’s support of Ukraine, which has led Russian President Vladimir Putin …
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