- The dollar index advances before the publication of US retail sales scheduled for Thursday.
- The US dollar gains ground in the midst of the growing probability that the Fed maintains its interest rates in July.
- Trump announced plans to notify more than 150 countries in a single letter about an upcoming 10%tariff.
The US dollar index (DXY), which measures the value of the US dollar (USD) compared to six main currencies, is recovering its recent losses from the previous session and quoting around 98.50 during the Asian hours of Thursday. The operators will be attentive to US retail sales for June, followed by the initial weekly unemployment applications and the manufacturing index of the Fed of Philadelphia that will be published later in the US session.
The dollar receives support from the growing chances that the Federal Reserve (FED) maintain its night reference interest rate without changes in the 4.25% -4.50% range at its July policy meeting, promoted by the June inflation figures in the US in the USA in the US that were higher than expected.
The US Labor Statistics Office reported on Tuesday that the US consumer prices index (CPI) rose 2.7% year -on -year in June, complying with market expectations. The underlying IPC stood at 2.9%, just below the 3.0% forecast but still significantly above the 2% target of the Federal Reserve. On Wednesday, the office published data from the US Production Price Index (IPP), showing that it remained unexpectedly without changes in June, while the underlying IPP rose 2.6% year -on -year.
The president of the Fed of Dallas, Lorie Logan, said Tuesday that the Fed will probably need to maintain interest rates where they are for a time to ensure that inflation is kept low in the rise of the upward pressure of the Trump administration tariffs. In addition, the president of the Fed in New York, John Williams, said Wednesday that monetary policy is in the right place to allow the Fed to monitor the economy before making its next decision.
The last Beige book of the Fed shows that, although the general business activity remains healthy and the inflation pressures are relatively moderate, the underlying cost pressures are increasing, and commercial operators remain cautious.
The US president Donald Trump said on Wednesday that he plans to send a single letter to more than 150 countries, notifying them about a 10% tariff rate they will face. He emphasized that these are not “large countries” with limited commercial links with the US, unlike China or Japan. He also hinted that the rate could increase to 15-20%, although it did not confirm any specific detail. As for tariffs on Canada, he said it is too early to comment. However, a tariff agreement with India is very close.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the strongest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.12% | 0.17% | 0.39% | 0.23% | 0.56% | 0.30% | 0.17% | |
| EUR | -0.12% | 0.03% | 0.26% | 0.14% | 0.47% | 0.21% | 0.08% | |
| GBP | -0.17% | -0.03% | 0.22% | 0.07% | 0.39% | 0.13% | 0.00% | |
| JPY | -0.39% | -0.26% | -0.22% | -0.20% | 0.14% | -0.09% | -0.22% | |
| CAD | -0.23% | -0.14% | -0.07% | 0.20% | 0.41% | 0.07% | -0.06% | |
| Aud | -0.56% | -0.47% | -0.39% | -0.14% | -0.41% | -0.34% | -0.38% | |
| NZD | -0.30% | -0.21% | -0.13% | 0.09% | -0.07% | 0.34% | -0.13% | |
| CHF | -0.17% | -0.08% | -0.00% | 0.22% | 0.06% | 0.38% | 0.13% |
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).
Economic indicator
Retail sales (MOM)
This survey of goods sold by retail merchants publishing the Census Bureau It is based on a sample of retail stores of different types and is considered an indicator of the economy growth rate. It shows the performance of the retail sector in the short and medium term. A result superior to the market consensus is bullish for the dollar, while a lower result is bassist.
Read more.
Next publication:
Jul 17, 2025 12:30
Frequency:
Monthly
Dear:
0.1%
Previous:
-0.9%
Fountain:
US Census Bureau
Retail Sales Data Published by The US Census Bureau is a leading indicator that Gives Importion Information about consumer spending, which has a significant impact on the GDP. Although Strong Sales Figures Are Likely to Boost The USD, External Factors, Such As Weather Conditions, Could Distort The Data and Paint A Misleading Picture. IN ADDITION TO THE HEADLINE DATA, CHANGES IN THE RETAIL SALES CONTROL GROUP COULD TRIGGER A MARKET REACTION AS IT IS USED TO PREPARE THE ESTIMATES OF PERSONAL CONSUMPTION EXPECTURES FOR MOST GOODS.
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.
