- The US dollar index fights while operators adopt caution due to increasing concerns about debt in the United States.
- The House of Representatives has advanced the “One Big Beautiful Bill” from Trump to the Senate.
- The performance of the US bonds of the US receded after reaching 5.15% on Thursday, the highest level in 19 months.
The American dollar index (DXY), which tracks the US dollar (USD) compared to a basket of six main currencies, depreciates at least two weeks. At the time of writing, the DXY is quoted around 99.60, remains under pressure since the 30 -year yield of the US Treasury bonds is quoted lower in 5.05% after 5.15% retreat, reached in the previous session, its highest level since November 2023.
The US dollar decreased due to the growing concerns about the increase in fiscal deficit in the United States, while Trump’s “One Big Beautiful Bill” goes to the Senate. The US House of Representatives approved Trump’s budget for a single vote of 215-214 on Thursday, which would provide tax cuts on tips and loans for car manufactured in the US in the US.
However, the dollar received support immediately after the publication of more solid data from the Purchase Management Index (PMI) of the US Global S&P. The PMI composed of Global S&P recorded a 52.1 reading for May, going up from the reading of April 50.6. Meanwhile, the manufacturing PMI rose to 52.3 from 50.2 previous, while the services PMI rose to 52.3 from 50.8.
The governor of the Fed, Christopher Waller, said Thursday that the markets are monitoring the fiscal policy. Waller added that if tariffs are about 10%, the economy would be in good shape for the second semester, and the Fed could be in a position to cut interest rates later in the year. The CME Fedwatch tool suggests that markets are valuing in almost 71% the possibility that the Fed Keep your stable interest rates during your June and July meetings.
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 Japanese and in Japanese.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.38% | -0.30% | -0.42% | -0.22% | -0.39% | -0.35% | -0.34% | |
| EUR | 0.38% | 0.09% | -0.05% | 0.17% | -0.01% | 0.05% | 0.06% | |
| GBP | 0.30% | -0.09% | -0.12% | 0.08% | -0.06% | -0.04% | -0.03% | |
| JPY | 0.42% | 0.05% | 0.12% | 0.21% | 0.02% | 0.07% | 0.08% | |
| CAD | 0.22% | -0.17% | -0.08% | -0.21% | -0.20% | -0.12% | -0.11% | |
| Aud | 0.39% | 0.00% | 0.06% | -0.02% | 0.20% | 0.06% | 0.06% | |
| NZD | 0.35% | -0.05% | 0.04% | -0.07% | 0.12% | -0.06% | 0.00% | |
| CHF | 0.34% | -0.06% | 0.03% | -0.08% | 0.11% | -0.06% | -0.01% |
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.
