The DXY index depreciated 0.5% to 98.9 during the night after not being able to exceed 100 in the last three sessions. The Fed has entered a period of silence before the FOMC meeting next week. The US president, Donald Trump, is expected to complain again about the president of the FED, Jerome Powell, when the committee keeps the fees at 4.50% per third consecutive meeting. Trump’s inability to refrain from interfering was evident in his call to the Canadians to vote for the ’51 º State ‘during his federal election on April 28, reports DBS’s currency analyst, Philip Wee.
DXY retires from 100
“Today, the consensus will probably be surprised to expect the US trade deficit to be reduced to 145,000 million dollars in March from 147.8 billion dollars in February. The Atlanta GDPnow model only began to predict in March that the US GDP could be contracted in 1T25 due to an anticipation of imports to overcome the announcement of Trump tariffs in Trump Day of liberation (April 3).
“The expectation that the consumer trusted index of the US Board Conference Board decreases to 88 in April from 92.9 in February should be aligned with the surprising mass sale in the stock market caused by Trump’s tariff investment and hiring.
“The US Treasury Secretary, Scott Besent, wants to promote the bill to extend the Trump Tax and Jobs Cutting Law of 2017 (TCJA) for Independence Day (July 4). You can announce a new deadline for the end of this week or the next and advocate for increasing the roof of the federal debt by 4-5 billion dollar. It could exhaust its indebtedness authority around August-September, while the bipartisan policy center estimated a wider window between mid-July and early October. ”
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.
