US dollar Market Update, Chart & History

US dollar (USD) Market Update

26 AprThe US dollar (USD) experienced a rally recently due to comments suggesting potential de-escalation in trade tensions with China. However, by the afternoon, the greenback faced mixed movements as a risk-positive sentiment in the markets dampened its upward momentum. Analysts believe that an anticipated increase in durable goods orders for March could lend some support to the dollar in the coming days.

Despite the initial boost, the USD is facing scrutiny amid turbulence in US Treasury bond yields and concerns over President Trump's trade policies. The announcement of a 10% tariff on all exporters to the US, coupled with significantly higher duties for numerous countries, including major trading partners like China and the European Union, poses risks to the dollar's stability. This aggressive trade stance has led to speculation that the current administration may intentionally aim to weaken the dollar to advance America’s economic interests.

The dollar’s recent performance reflects these dynamics. The USD to EUR exchange rate currently stands at 0.8768, which is 5.6% below its three-month average of 0.9287, exhibiting volatility in a range from 0.8686 to 0.9775. Meanwhile, the USD to GBP is at 0.7511, also below its average by 3.8% and showing fluctuations from 0.7474 to 0.8140. The USD to JPY is at 143.7, which, while at 7-day highs, remains 3.6% below the three-month average of 149.1, within a broad range of 140.9 to 156.0.

Furthermore, recent oil prices have impacted the dollar. Oil is priced at 66.87 USD, 6.8% below its three-month average of 71.74, reflecting significant volatility with fluctuations between 61.58 and 78.50 USD. These trends in oil prices can influence euro movements, thereby indirectly affecting the dollar.

Looking ahead, the dollar's trajectory will heavily depend on Federal Reserve policies, inflation rates, and overall economic performance. As the dominant global currency, the decisions regarding US trade practices and fiscal management will continue to shape its value in the global arena.

US Dollar Index - USD/X Trend

The U.S. Dollar Index at 99.40 is 4.9% below its 3-month average of 104.5, having traded in a quite volatile 11.4% range from 98.36 to 109.6

25-APR 8PM-NY 26-APR 1AM-LON 8AM-HK 10AM-SYD

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