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US Dollar Index not impressed with more tariff talk from President Trump
The post US Dollar Index not impressed with more tariff talk from President Trump appeared on BitcoinEthereumNews.com. The US Dollar trades fairly muted after more tariff comments from US President Donald Trump A 25% levy on all steel and aluminum imports from all countries will be applied. The US Dollar Index (DXY) is going nowhere and trades around 108.00. The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is broadly flat to a touch softer and trades around 108.00 at the time of writing on Monday after again a headline-filled weekend. United States (US) President Donald Trump announced 25% steel and aluminum tariffs for all countries importing into the US. Also, plans for reciprocal tariffs are on the table, which would increase US import duties to match those imposed by the country’s other trading partners. Besides the tariff headlines, otherwise, it will be a very calm start of the week on the economic calendar. Traders will want to focus on Federal Reserve (Fed) Chair Jerome Powell’s semi-annual testimony at Capitol Hill on Tuesday and Wednesday. Traders will look for fresh clues about the path forward for US monetary policy, while Powell is likely to highlight the resilient economy as a key reason central bankers are in no rush to cut borrowing costs further. Daily digest market movers: No clear projections Besides the headlines from US President Donald Trump on reciprocal tariffs and steel and aluminum import tariffs, no real timelines or dates were given, Bloomberg reports. The US Treasury is auctioning a 3-month and a 6-month bill at 16:30 GMT. Equities are not impressed by President Trump’s announcement of more tariffs. All major indices are trading in the green on Monday. The CME FedWatch tool projects a 93.5% chance that the Fed will keep interest rates unchanged at its next meeting on March 19. The US 10-year yield is…
The post US Dollar Index not impressed with more tariff talk from President Trump appeared on BitcoinEthereumNews.com.
The US Dollar trades fairly muted after more tariff comments from US President Donald Trump A 25% levy on all steel and aluminum imports from all countries will be applied. The US Dollar Index (DXY) is going nowhere and trades around 108.00. The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is broadly flat to a touch softer and trades around 108.00 at the time of writing on Monday after again a headline-filled weekend. United States (US) President Donald Trump announced 25% steel and aluminum tariffs for all countries importing into the US. Also, plans for reciprocal tariffs are on the table, which would increase US import duties to match those imposed by the country’s other trading partners. Besides the tariff headlines, otherwise, it will be a very calm start of the week on the economic calendar. Traders will want to focus on Federal Reserve (Fed) Chair Jerome Powell’s semi-annual testimony at Capitol Hill on Tuesday and Wednesday. Traders will look for fresh clues about the path forward for US monetary policy, while Powell is likely to highlight the resilient economy as a key reason central bankers are in no rush to cut borrowing costs further. Daily digest market movers: No clear projections Besides the headlines from US President Donald Trump on reciprocal tariffs and steel and aluminum import tariffs, no real timelines or dates were given, Bloomberg reports. The US Treasury is auctioning a 3-month and a 6-month bill at 16:30 GMT. Equities are not impressed by President Trump’s announcement of more tariffs. All major indices are trading in the green on Monday. The CME FedWatch tool projects a 93.5% chance that the Fed will keep interest rates unchanged at its next meeting on March 19. The US 10-year yield is…
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