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US Dollar Index Strengthens Amid Easing US-China Trade Tensions

Elena by Elena
02/05/2025
in News
Is the Federal Reserve state-run
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The US Dollar Index (DXY), which measures the USD against six major currencies, continues to climb for the second consecutive day, trading near 99.60 during Monday’s Asian session. The rise in the US Dollar (USD) is attributed to signs of easing tensions between the US and China.

On Friday, China announced exemptions for certain US imports from its 125% tariffs, which sparked optimism that the prolonged trade war between the two largest economies might be nearing its resolution. However, a Chinese embassy spokesperson swiftly denied any ongoing tariff negotiations, insisting that “China and the US are not having any consultation or negotiation on tariffs,” and urged Washington to “stop creating confusion.”

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Despite this, the yields on US two-year and 10-year Treasury notes remain subdued, standing at 3.75% and 4.24%, respectively, as investors brace for a busy week of economic data that may provide insights into the impact of President Donald Trump’s tariffs.

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US Agriculture Secretary Brooke Rollins, in comments to Reuters on Sunday, stated that the Trump administration is holding daily discussions with China regarding tariffs, while emphasizing that trade agreements with other countries are close to being finalized.

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At the same time, the Federal Reserve (Fed) is in a blackout period ahead of its May 7 Federal Open Market Committee (FOMC) meeting. Traders are closely monitoring key US economic reports set for release this week, including the preliminary Q1 GDP report, March PCE inflation data, and April jobs figures. These reports are expected to offer critical clues on the Fed’s next policy steps and the broader economic outlook.

Related Topics:

  • Current RMB Exchange Rate: 15000 Yuan to USD
  • Current RMB Exchange Rate: 16 Yuan to USD
  • Current RMB Exchange Rate: 18 Yuan to USD
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Elena

Elena

Elena, a seasoned foreign exchange trader with a proven track record in the dynamic world of currency markets, brings a wealth of expertise and professionalism to the financial realm. With an extensive background spanning over a decade, she has honed her skills in analyzing global economic trends and implementing strategic trading solutions. Known for her meticulous attention to detail and analytical prowess, Elena has navigated through volatile market conditions with finesse, consistently delivering impressive results for her clients. Her comprehensive understanding of macroeconomic indicators, coupled with a keen awareness of geopolitical events, allows her to make informed decisions that optimize trading portfolios. Elena's commitment to staying ahead of the curve is evident in her continuous pursuit of knowledge and mastery of cutting-edge trading technologies. Her disciplined approach to risk management ensures prudent investment strategies, instilling confidence in both colleagues and clients alike.

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News

NZD/USD Faces Pressure After New Zealand Budget, USD Weakness Limits Losses

by Elena
22/05/2025

The NZD/USD pair extended its pullback on Thursday, slipping from the recent one-week high around 0.5965-0.5970 to trade near 0.5920...

Consumer Price Index (CPI) : Why is it so important to traders

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The Canadian dollar fell after the Bank of Canada’s dovish rate hike

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blank

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MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.【Contact us: [email protected]】

Recent Posts

  • NZD/USD Faces Pressure After New Zealand Budget, USD Weakness Limits Losses 22/05/2025
  • AUD Gains on RBA Rate Cut, Weakening US Dollar Support 22/05/2025
  • USD/CAD Extends Decline Amid BoC Inflation Data and Weaker US Dollar 22/05/2025
  • EUR/GBP Retreats Amid ECB Dovishness and Strong UK Inflation Data 22/05/2025
  • EUR/JPY Faces Selling Pressure Near 162.35 Amid BoJ Rate Hike Speculation 22/05/2025

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