German Inflation Eases to 2.0%, UK GDP Expands 0.7% (7-11 July)The US dollar ended the week lower despite strong June jobs data, as trade tensions and fiscal concerns weighed.
Confidence Falls as Rate Cut Bets Rise (30 June-4 July)The US dollar fell to 97.1, its lowest since Feb 2022, as Powell’s dovish stance and Trump’s rumored Fed pick raised concerns over central bank independence. Weak PCE data added pressure.
Euro Recovers on Hawkish ECB, Pound Drops (23-27 June)The US dollar index edged lower by week’s end but still posted gains, supported by safe-haven demand as Trump gave Iran a final warning on its nuclear program. The Fed held rates steady and signaled two cuts for 2025 but cautioned that tariffs could keep inflation high.
Gold and U.S. Dollar Become Safe Haven Instruments During Clashes (16 - 20 June)The US Dollar Index climbed back above 98.2 on Friday, trimming weekly losses as Israel’s strike on Iran lifted demand for safe-haven assets. Earlier declines were driven by weak US inflation data and renewed trade tensions, which reinforced expectations of Federal Reserve rate cuts.
Markets React to Strong U.S. Jobs Data (9–13 June)The U.S. dollar index rose over 0.4% to above 99.1 following May's stronger jobs report, which showed 139,000 new jobs versus the 126,000 forecast. Wages increased by 0.4%, beating expectations, while the unemployment rate held at 4.2%. However, a downward revision to April's data limited broader optimism, and the dollar remained slightly down for the week amid concerns over slowing growth and policy uncertainty.
Currencies Steady as Central Banks Shifted (2-6 June)The dollar index hovered at 99.4 as weak U.S. GDP and revived Trump tariffs fueled uncertainty. Fed’s Daly hinted at possible rate cuts but urged patience.
Risk Sentiment Wavers on Fiscal Strains (26-30 May)The dollar index hovered near 99.5 on Friday, a two-week low, pressured by Trump’s proposed 50% tariffs on EU goods and a U.S. credit downgrade tied to deficit concerns. The euro hit $1.137 before easing to $1.13, set for weekly gains. Germany’s GDP revision and strong Ifo lifted sentiment, but weak PMIs capped upside.
Dollar Climbs on Fed Cut Hopes, Gold Drops as Risk Sentiment Improves (19 - 23 May)The US dollar remained stable around 100.8 on Friday, on track for a 0.6% weekly gain, supported by soft economic data and increased expectations for Fed rate cuts. The euro rebounded to $1.12 amid steady inflation and anticipated ECB easing. The pound held near $1.32 as weak labor market data raised BoE cut prospects. The yen strengthened toward 145 despite Japan’s 0.2% GDP contraction, with the BoJ maintaining a cautious stance.
