- China responded to the additional tariffs of 10% of President Trump applying specific tariffs on US coal and other goods, as well as opening an antitrust case against Alphabet.
- The president of the United States, Donald Trump, agreed to a 30 -day suspension of the proposed 25% tariffs to China and Mexico in exchange for the border reinforcement.
- Jolts employment offers do not meet expectations, falling to 7.6 million from 8.09 million in November.
- The operators change their approach to the next US NFP report, a key event for the Perspectives of the Fed policy.
The American dollar index (DXY), which measures the value of the dollar against a foreign exchange basket, loses impulse on Tuesday after fighting to return to the level of 110.00 and fall below 108.00. Recent developments include the imposition by President Trump of a 10% tariff on Chinese imports, while tariffs on Canadian and Mexican goods have paused for 30 days after negotiations. Investors are concerned that these tariffs can contribute to inflationary pressure within the US economy.
Meanwhile, operators are preparing for non -agricultural payroll (NFP) data on Friday, which is expected to define the management of the Federal Reserve Monetary Policy (FED).
Daily market movements: The US dollar weakens after weak economic data, USA
- President Trump has agreed for a 30 -day suspension of the 25% proposed tariffs on Canadian and Mexican imports. This decision occurs after the Canadian Prime Minister Justin Trudeau, and the Mexican president, Claudia Sheinbaum, promised to improve border security measures to address concerns about illegal immigration and drug trafficking.
- Canada has promised to deploy advanced technology and additional personnel along its border with the United States. The country will also initiate collaboration efforts to combat organized crime, fentanyl smuggling and money laundering.
- Mexico has agreed to strengthen its northern border displaying 10,000 members of the National Guard to curb the migration flow and illegal drugs.
- In the front of the data, Jolts employment offers fell to 7.6 million in December, not complying with the estimate of consensus of 8 million.
- The US labor market remains stable with a total of separations that remained unchanged at 5.3 million in December.
- The actions rise since the weakest Jolts report increases the expectations of a rate cut by the Fed later this year.
- The Fedwatch of the CME tool projects an 86% probability that the Fed maintains the rates without changes in its March meeting.
- The 10 -year performance of the US rises to almost 4.55%, recovering from the annual minimum of Monday below 4.50%.
- The next January NFP report will be the main market catalyst for the US dollar. The general consensus hopes that the creation of employment has cooled slightly in the first month of 2025.
DXY technical perspective: The bassist impulse accumulates while 108.50 is broken
The US dollar index is losing traction with technical indicators that reflect a growing downward pressure. The relative force index (RSI) has fallen below 50, pointing out a change towards a bassist impulse. In addition, the index has fallen below its simple mobile average (SMA) of 20 days in 108.50, increasing the probability of more falls.
If the sale pressure persists, the next key support zone is about 107.80, while the resistance remains at 109.00. A sustained movement below 108.00 could reinforce the bearish feeling, which could lead to a deeper correction.
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.