- The USD continues with its struggle to gain significant traction on Tuesday.
- Betting for more interest rate cuts on the part of the Fed keep the USD bulls on the defensive.
- The relief of the fears of recession in the US brakes the USD bassists to make aggressive bets.
The US dollar index (DXY), which tracks the dollar against a foreign exchange basket, ranges in a range around the 100.35 area during the Asian session on Tuesday and remains close to a minimum of more than a week reached the previous day. In addition, the lack of buying interest and a fundamental bassist background suggests that the road of lower resistance for the index remains down.
The operators increased their bets due to more interest rate cuts by the Federal Reserve (FED) in 2025 after the publication of last week of the consumer price index (ICC) and the most soft production price index (PPI) than expected. To this is added that the disappointing monthly retail sales data of the US increased the probability of several slow growth quarters. This, together with a surprising reduction of the Credit qualification of the US government on Friday, continues to act as a wind against the USD.
Meanwhile, the US and China agreed to significantly reduce tariffs and started a 90 -day break to end a broader agreement. This development marked the decalm of a disruptive confrontation between the two largest economies in the world and relieved concerns about a US recession. This, in turn, is stopping the operators to carry out aggressive bearish bets around the USD and helping to limit the fall based on the recent hard line statements of several influential members of the FOMC.
Looking ahead, there are no relevant economic data scheduled for publication on Tuesday. Therefore, the approach will remain focused on the speeches of the FOMC influential members, who will play a key role in the USD address later during the North American session.
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 | -0.11% | -0.13% | -0.23% | 0.04% | 0.43% | 0.05% | -0.16% | |
| EUR | 0.11% | -0.01% | -0.11% | 0.16% | 0.56% | 0.18% | -0.04% | |
| GBP | 0.13% | 0.00% | -0.12% | 0.16% | 0.54% | 0.20% | 0.00% | |
| JPY | 0.23% | 0.11% | 0.12% | 0.27% | 0.66% | 0.28% | 0.13% | |
| CAD | -0.04% | -0.16% | -0.16% | -0.27% | 0.40% | 0.01% | -0.17% | |
| Aud | -0.43% | -0.56% | -0.54% | -0.66% | -0.40% | -0.37% | -0.56% | |
| NZD | -0.05% | -0.18% | -0.20% | -0.28% | -0.01% | 0.37% | -0.18% | |
| CHF | 0.16% | 0.04% | -0.01% | -0.13% | 0.17% | 0.56% | 0.18% |
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.
