The U.S. dollar experienced weakness at the start of the week due to rising concerns about global trade policies and their potential impact on economic growth. As investors prioritize caution, the focus turns to impending economic data, notably GDP growth figures, which could shift market sentiment. Softer economic indicators may heighten fears of a downturn, leading to a stronger bearish outlook for the dollar. Conversely, positive data could spark a rebound. Additionally, U.S. treasury yields are on track to rise, driven by an influx into safer assets and fluctuating monetary policy expectations.
The U.S. dollar started the week on a weaker note, weighed down by fresh uncertainty surrounding global trade policy.
Investors remained cautious amid concerns that new levies could dampen US economic growth.
The release of GDP growth data later this week could affect sentiment as traders reassess the trajectory of the economy and the potential impact of tariffs.
Softer data could reignite growth concerns and reinforce downside risks for the currency in the short term.
Collection
[
|
...
]