The US dollar's stability is significant as it heads toward a weekly close, primarily driven by escalating trade disputes and risk-off sentiment. President Trump's announcement of new tariffs on Mexico, Canada, and China has exacerbated market volatility. Economic growth data underscores the Federal Reserve's hawkish position, reinforcing strict monetary policy in response to inflation pressures. With US Treasury yields remaining mixed, investors are leaning towards safe-haven assets. Attention is now on upcoming PCE data, which could influence yields and the dollar's performance significantly depending on its strength or weakness.
The US dollar remained resilient and was poised to close the week higher, amid a risk-off sentiment driven by escalating trade tensions.
Recent announcements regarding tariffs on Mexico, Canada, and China have heightened market volatility and contributed to a looming trade war.
Economic indicators suggest a hawkish Federal Reserve, as strong growth and increased durable goods orders align with expectations.
Investors are drawn to safe-haven assets, maintaining pressure on US Treasury yields amidst ongoing global uncertainties.
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