During the night, the US dollar (USD) bounced after preliminary PMIs surprised up. But the profits were retreated in the morning, together with the recoil in the yields of the US Treasury bonds. The DXY was last seen at 99.40, the OCBC currency analysts point out, French Cheung and Christopher Wong.
The rhythm of the fall can be moderated
“Republicans in the House of Representatives achieved the approval of an important bill called ‘One, Great, beautiful law’ (by 215 votes to 214 votes). The legislation is now addressed to the Senate, and the Republicans have established a term of July 4 so that both chambers approve the bill and send it to the presidential firm.”
“The CBO estimates that the bill will add 3.8 billion dollars to the US debt of 36.2 billion dollars in the next decade and the deficit could extend to about 7% of GDP in the coming years. A series of factors, from the unpredictability of policies related to Trump tariffs to concerns about tax health, should continue to undermine the feelings towards the USD.”
“The bullish impulse in the daily graph faded, but the fall in the RSI was moderated. Down pressure, but the rhythm of the fall can mode 50). “
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.
