- The dollar index maintains profits as risk aversion increases due to concerns about possible automotive tariffs in the US.
- The yields of the American bonds fell to 3.98% for the 2 -year bonus and 4.34% for the 10 -year bonus.
- Operators expect the US Expenditure Price Index (PCE) on Friday to obtain more information about Fed’s policy perspectives.
The dollar index (DXY), which measures the value of the US dollar (USD) compared to six main currencies, remains around 104.30. The dollar faced down pressure as the yields of American bonds decrease – 3.98% for the 2 -year bonus and 4.34% for the 10 -year bonus at the time of writing this text. However, Moody’s has warned that the increase in tariffs and tax cuts could significantly expand government deficits, which could lead to a reduction in the qualification of US debt. Already an increase in treasure yields.
The Gross Domestic Product (GDP) of the US expanded at an annualized rate of 2.4% in the fourth quarter of 2024, exceeding the provision of 2.3%, according to the publication of data on Thursday. Investors now wait for the US Personal Consumption Expenditure Index (PCE) on Friday to obtain more information on the monetary policy of the Federal Reserve (FED). While the Fed maintained interest rates without changes last week, it reaffirmed the expectations of two rate cuts for the end of the year.
The president of the USA, Donald Trump, signed an order on Wednesday by imposing a 25% tariff on car imports and warned about more measures against the EU and Canada if they respond. This escalation in commercial tensions will probably tense relations with key commercial partners, particularly before the reciprocal tariffs scheduled for April 2 enter into force.
S&P global warned that political uncertainty in the US could hinder global economic growth, while Fitch Ratings emphasized that current tariffs can disproportionately affect smaller economies such as Brazil, India and Vietnam, making it difficult to acquire US assets.
The president of the Boston Fed, Susan Collins, said Thursday that the Central Bank faces a difficult choice between maintaining a restrictive position or relaxing the policy preventively in response to a possible economic weakness. Meanwhile, Richmond’s president of the Fed, Thomas Barkin warned that the uncertainty about the Trump administration’s commercial policies could push the Fed towards a more cautious and waiting for what markets anticipate.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. US dollar was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.07% | -0.17% | 0.05% | 0.27% | 0.41% | 0.06% | |
| EUR | -0.08% | -0.04% | -0.29% | -0.05% | 0.17% | 0.31% | -0.04% | |
| GBP | -0.07% | 0.04% | -0.23% | -0.01% | 0.20% | 0.33% | 0.00% | |
| JPY | 0.17% | 0.29% | 0.23% | 0.24% | 0.45% | 0.60% | 0.26% | |
| CAD | -0.05% | 0.05% | 0.01% | -0.24% | 0.22% | 0.35% | 0.02% | |
| Aud | -0.27% | -0.17% | -0.20% | -0.45% | -0.22% | 0.14% | -0.20% | |
| NZD | -0.41% | -0.31% | -0.33% | -0.60% | -0.35% | -0.14% | -0.34% | |
| CHF | -0.06% | 0.04% | -0.00% | -0.26% | -0.02% | 0.20% | 0.34% |
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.
