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The U.S. dollar edged lower in early Tuesday trade, giving back some of its sharp gains from the prior session, as investors remained upbeat following a tariff pause agreement between Washington and Beijing. The deal, which marked a significant de-escalation in trade tensions between the world\u2019s two largest economies, helped boost risk sentiment globally and triggered a rally across currencies and equities.<\/p>\n\n\n\n
At last check, the Dollar Index (DXY)<\/strong> was hovering near a one-month high at 101.54<\/strong>, supported by declining expectations of near-term Federal Reserve rate cuts.<\/p>\n\n\n\n On Monday, the U.S. and China jointly announced a 90-day tariff reduction agreement<\/strong>, with both countries slashing punitive duties on each other\u2019s imports. The announcement came after weekend trade talks in Geneva and offered a much-needed reprieve for global markets. The dollar surged on the news as investors rotated into U.S. assets on improving economic outlook hopes.<\/p>\n\n\n\n The de-escalation also helped temper fears of a prolonged global slowdown and lessened the urgency for further Fed easing, sending U.S. Treasury yields<\/strong> higher:<\/p>\n\n\n\n Futures pricing now reflects just 56 basis points of rate cuts by December<\/strong>, down from more aggressive expectations earlier in the month.<\/p>\n\n\n\n China\u2019s offshore yuan climbed to a six-month high<\/strong>, reaching 7.1855 per dollar<\/strong>, driven by easing trade tensions and renewed capital inflows. This strength spilled over into risk-sensitive currencies:<\/p>\n\n\n\n The euro<\/strong> recovered from Monday\u2019s 1.4% slide, rising 0.25% to $1.1114<\/strong>, while the yen<\/strong> rebounded 0.48% to 147.76<\/strong> after dropping over 2% in the previous session.<\/p>\n\n\n\n The Swiss franc<\/strong> firmed 0.25% to 0.8429<\/strong>, and GBP\/USD<\/strong> ticked up 0.16% to $1.3199<\/strong>.<\/p>\n\n\n\n Markets are now turning attention to the U.S. consumer price index (CPI)<\/strong> due later on Tuesday. A stronger-than-expected inflation print could reinforce the Fed\u2019s cautious stance and bolster the dollar further, especially after the central bank indicated a data-dependent path forward.<\/p>\n\n\n\n Consensus estimates point to a modest monthly uptick in both core and headline CPI figures for April.<\/p>\n\n\n\n Bitcoin (BTC)<\/strong> continued to rally, last trading at $102,600<\/strong>, following Monday\u2019s surge to a near three-month high. Optimism over global trade and improving market conditions has fueled renewed inflows into cryptocurrencies, especially as speculative appetite strengthens.<\/p>\n\n\n\n Ether (ETH)<\/strong> eased 1.1% to $2,458.36<\/strong>, holding near recent highs, while broader crypto sentiment remains buoyant amid reduced geopolitical and macroeconomic friction.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar edged lower in early Tuesday trade, giving back some of its sharp gains from the prior session, as investors remained upbeat following a tariff pause agreement between Washington and Beijing. The deal, which marked a significant de-escalation in trade tensions between the world\u2019s two largest economies, helped boost risk sentiment globally and …<\/p>\n","protected":false},"author":9,"featured_media":106217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-114450","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=114450"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114450\/revisions"}],"predecessor-version":[{"id":114451,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114450\/revisions\/114451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/106217"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Tariff Truce Spurs Relief Rally<\/h3>\n\n\n\n
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FX Market Moves: Yuan Hits 6-Month High<\/h3>\n\n\n\n
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CPI Data in Focus<\/h3>\n\n\n\n
Bitcoin Tops $100K on Risk-On Mood<\/h3>\n\n\n\n