- The American dollar index fights while the growing commercial tensions between the US and China erodes the trust of investors in US assets.
- President Trump has launched an investigation into critical mineral tariffs, further intensifying commercial conflict.
- Market expectations, reflected in the CME Fedwatch tool, indicate approximately 85 basic points of features of the Federal Reserve by the end of the year.
The US dollar index (DXY), which measures the US dollar (USD) compared to a basket of six main currencies, fell after winning in the previous session, quoting about 99.50 during the European hours on Wednesday. The dollar faces winds against due to the erosion of investors’ confidence in US assets amid the growing commercial tensions between the US and China.
At the last minute of Tuesday, Bloomberg reported that US President Donald Trump initiated investigation into possible critical mineral tariffs, marking another movement in the commercial war that continues to affect key global economic sectors.
Simultaneously, the Wall Street Journal, citing informed sources, suggested that the Trump administration seeks to take advantage of tariff negotiations to encourage US business partners to reduce their commitments to China.
A survey on the feeling of the consumer made by the Bank of the Federal Reserve of New York highlighted a strong increase in household expectations about greater inflation, weaker labor perspectives and deteriorated credit conditions in the coming months.
According to the CME Fedwatch tool, the markets are valuing approximately 85 basic points of features of the Federal Reserve (Fed) by the end of the year, while waiting for the Fed to maintain the rates during their next meeting.
The US retail sales data will be published later in the day, offering possible perspectives on how uncertainties related to tariffs are impacting consumer spending. In addition, the president of the Fed, Jerome Powell, is scheduled to pronounce a speech during the American afternoon.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the weakest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.85% | -0.39% | -0.74% | -0.33% | -0.31% | -0.30% | -1.12% | |
| EUR | 0.85% | 0.50% | 0.13% | 0.52% | 0.79% | 0.58% | -0.27% | |
| GBP | 0.39% | -0.50% | -0.38% | 0.03% | 0.29% | 0.08% | -0.72% | |
| JPY | 0.74% | -0.13% | 0.38% | 0.40% | 0.74% | 0.49% | -0.43% | |
| CAD | 0.33% | -0.52% | -0.03% | -0.40% | 0.30% | 0.07% | -0.73% | |
| Aud | 0.31% | -0.79% | -0.29% | -0.74% | -0.30% | -0.24% | -1.01% | |
| NZD | 0.30% | -0.58% | -0.08% | -0.49% | -0.07% | 0.24% | -0.80% | |
| CHF | 1.12% | 0.27% | 0.72% | 0.43% | 0.73% | 1.01% | 0.80% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
