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- The US dollar index is under pressure amid cases of continuous uncertainty related to trade.
- There is increasing speculation that Washington may tend to the weakest dollar to enhance its commercial goals.
- The improvement of global commercial morale reduces recession, which expanded the scope of interest rates expectations.
The US dollar index (DXY), which tracks the US dollar (USD) for a basket of six major currencies, is trading in about 100.90 during the Asian session on Thursday. Greenback is still under pressure as investors evaluate the constant uncertainty related to trade, although the recent mitigation of tensions.
Speculation is increasing that Washington may prefer the weakest dollar to support its commercial agenda. The Trump administration has argued that the strong dollar, compared to the weakest regional currencies, has put the exporters in an unfavorable position.
Improving improved commercial feelings reduced stagnation, prompting markets to demand discounts in Federal Reserve Prices (Fed). LSEG data shows 74 % opportunity to reduce 25 Basis in September, to the bottom of previous bets in a piece in July, and Providing some support to the US dollar.
On the geopolitical front, the great Iranian official, Ali Shamkhani, said on Wednesday that Iran is ready to sign a nuclear deal with President Trump. NBC reports include the proposal to Iran’s pledge not to develop nuclear weapons in exchange for the immediate lifting of all US sanctions.
Meanwhile, inflation in the United States is still cooling. The consumer price index increased in April (CPI) by 2.3 % on an annual basis, slightly less than the market expectations of 2.4 % in March, which represents its lowest level for three years to enlarge the annual address. However, this may be the last strong reading of the consumer price index for a period of time, as the upcoming definitions of the Trump administration are accelerated on the main commercial partners in May.
The last gathering of the US dollar, which is led by relief hopes of the Arab Chinese tariff, is losing Steam where merchants re -focus on the broader effects of the American trade policy. Attention is now turning into a retail and product sales index (PPI) in the United States, scheduled later on Thursday.
US dollar price today
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed today. The US dollar was the weakest against the Swiss franc.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -16 % | -11 % | -0.31 % | -0.10 % | -0.17 % | -0.13 % | -0.31 % | |
| euro | 0.16 % | 0.04 % | -16 % | 0.06 % | -02 % | 0.04 % | -16 % | |
| GBP | 0.11 % | -04 % | -0.19 % | 0.01 % | -07 % | 0.02 % | -0.17 % | |
| JPY | 0.31 % | 0.16 % | 0.19 % | 0.21 % | 0.14 % | 0.18 % | 0.01 % | |
| CAD | 0.10 % | -06 % | -01 % | -0.21 % | -06 % | -01 % | -18 % | |
| Aud | 0.17 % | 0.02 % | 0.07 % | -0.14 % | 0.06 % | 0.06 % | -0.09 % | |
| Nzd | 0.13 % | -04 % | -02 % | -18 % | 0.00 % | -06 % | -16 % | |
| Chf | 0.31 % | 0.16 % | 0.17 % | -01 % | 0.18 % | 0.09 % | 0.16 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
