The US dollar advances slightly while Greer’s comments arouse commercial hopes

  • The DXY is quoted around the 103.00 zone on Tuesday while the bullies try to extend Friday’s recovery.
  • The feeling was promoted after the US trade representative. Uu. Greer mentioned the ongoing tariff conversations with around 50 countries.
  • The key resistance to the US dollar index is aligned about 103.70 with low support forming about 102.70.

The US dollar index (DXY), which tracks the performance of the US dollar compared to six main currencies, is quoting near the 103.00 region during Tuesday’s session. The impulse intensified after the optimistic data of the labor market last week, helping the index to bounce from recent minimums. The investors welcomed the comments of the US trade representative.

However, the sales pressure resumed after the US confirmed additional tariffs that will take effect on April 9 against China.

Daily summary of market movements: the US dollar has a volatile session in the commercial dialogue

  • Ustr Greer told legislators that the US is actively working with dozens of countries in tariff negotiations despite the fact that US tariffs are expected to begin imminently.
  • Optimism about commercial impulse and insinuations of expansion of access to the market for agriculture supported the feeling, although a clear schedule was not offered.
  • Despite the commitment of several commercial partners, Greer said that China is still resistant to negotiations, expanding the gap between Washington and Beijing.
  • In line with that, Trump’s press secretary, Karoline Leavitt, said that as reprisals for the 34% tariff application on US exports. UU., USA. Uu would add another 50% tariff to Chinese products.
  • The Secretary of the Treasury, Scott Besent, confirmed that President Trump will participate directly in future conversations, while the president of the European Commission, von der Leyen, warned about possible reprisals if a resolution is not reached.

Technical analysis

The American dollar index remains within a narrow range about 103.00, reflecting a cautious behavior of the market. The indicator of convergence/divergence of mobile socks (MACD) shows a purchase signal, while the relative force index (RSI) in 41.87 and the bullish/bassist power in -0.98 reflect a neutral posture.

In spite of this, bearish signals of the simple mobile socks (SMA) of 20 days, 100 days and 200 days persist, all pointing down. Similarly, the 10 -day exponential mobile average (EMA) and the SMA reinforce the downward inclination.

Key resistance levels to monitor include 103.48, 103.66 and 103.71, while immediate support is 102.73. A daily closure above 103.18 is still crucial for the bullies to recover control.

Commercial War between the US and China Faqs


In general terms, “Trade War” is a commercial war, an economic conflict between two or more countries due to the extreme protectionism of one of the parties. It implies the creation of commercial barriers, such as tariffs, which are in counterbarreras, increasing import costs and, therefore, the cost of life.


An economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump established commercial barriers against China, claiming unfair commercial practices and theft of intellectual property by the Asian giant. China took retaliation measures, imposing tariffs on multiple American products, such as cars and soybeans. The tensions climbed until the two countries signed the Phase one trade agreement between the US and China in January 2020. The agreement required structural reforms and other changes in China’s economic and commercial regime and intended to restore stability and confidence between the two nations. Coronavirus pandemia diverted the attention of the conflict. However, it is worth mentioning that President Joe Biden, who took office after Trump, kept the tariffs and even added some additional encumbrances.


Donald Trump’s return to the White House as the 47th US president has unleashed a new wave of tensions between the two countries. During the 2024 election campaign, Trump promised to impose 60% tariff particularly in investment, and directly feeding the inflation of the consumer price index.

Source: Fx Street

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