The US dollar faced continued losses as investors assessed the impact of ongoing global trade tensions. Anticipated negotiations between Presidents Trump and Xi Jinping could enhance market sentiment, while the suspension of tariffs on Mexico and Canada might lead to risk-taking that weakens the dollar. Conversely, escalating trade tensions with Europe could increase the dollar's safe-haven appeal. With stable US treasury yields and uncertainty in trade relations, upcoming economic indicators will be crucial in shaping the dollar's future trajectory and Federal Reserve expectations.
The US dollar extended its losses as investors digested the latest developments in global trade tensions.
Expectations of negotiations between US President Donald Trump and Chinese President Xi Jinping could help improve market sentiment.
The possibility of heightened tensions may bolster demand for the US dollar as a safe-haven asset.
Key US economic data, including ISM Services PMI and Nonfarm Payrolls, will be closely monitored, influencing the trajectory of the dollar.
Collection
[
|
...
]