Dollar Hits 3-Year Low; Gold Surges (21-25 April)The US dollar index closed near a 3-year low, pressured by trade policy uncertainty, Trump’s Fed criticism, and easing inflation.
DXY Falls with US-China Trade Conflict (14 - 18 April)The dollar index fell to 99, a near three-year low, as China raised tariffs to 125% in response to the U.S.’s 145% hike, intensifying trade tensions.
Trade Tensions Hit Currencies as U.S. Jobs Data Surprises (7-11 April)The dollar index hovered just above 102, near a six-month low, as China’s 34% tariff on U.S. goods and strong U.S. jobs data raised recession fears and Fed rate cut bets.
Tariff Tensions Drive Dollar and Commodities Higher (31 March - 4 April)The US dollar index is set to end the week higher as the Fed raised inflation forecasts, citing tariff risks.
Fed Stays Course, ECB & BoE Cautious (24-28 March)The US dollar index rose toward 104, ending the week higher as the Fed held rates steady but reaffirmed plans for two cuts in 2024. Powell downplayed Trump’s tariffs, citing no urgency for more cuts. Trade tensions and economic uncertainty supported the dollar.
Trade Tensions Rise, and Japan GDP Surprises (17-21 March)The dollar index remained steady as traders assessed the trade war’s impact.
Job Data Disappoints with Tariff Uncertainties (10-14 March)The dollar index fell for the fifth straight session, hitting a four-month low of 103.7, as tariff uncertainties and economic concerns weighed on sentiment.
Gold Sees First Loss in Nine Weeks (3-7 March)The dollar surged 1% on Thursday after Trump confirmed 25% tariffs on Mexico, Canada, and the EU, and a 10% tariff on China starting March 4.
