- The dollar index receives support from commercial optimism after the commercial agreement between the US and the EU.
- Commercial conversations between the US and China are scheduled to resume on Tuesday, after five hours of negotiations in Stockholm on Monday were held.
- President Trump ordered the resumption of trade negotiations with Cambodia and Thailand after the end of a five -day conflict.
The US dollar index (DXY), which measures the value of the US dollar (USD) compared to six main currencies, continues to gain ground for the fourth consecutive session and is quoted around 98.70 during the Asian hours on Tuesday. The dollar receives support from commercial optimism, promoted by the commercial agreement between the United States (USA) and the European Union (EU) completed on Sunday, which establishes 15% tariffs on most European products, which will enter into force on August 1.
In addition, operators keep their eyes on additional developments in commercial conversations between the US and China. The discussions are scheduled to resume on Tuesday after senior economic officials of both nations had more than five hours of negotiations in Stockholm on Monday. However, US President Donald Trump also highlighted on Monday that countries that refuse to negotiate separate commercial agreements could face tariffs ranging between 15% and 20%, well above the 10% rate established in April.
President Trump announced on a social media post on Monday that he would resume trade negotiations with Cambodia and Thailand after both countries put an end to a five -day fight along its border in dispute. “By putting an end to this war, we have saved thousands of lives. I have instructed my commercial team to restart trade negotiations,” Trump added.
It is anticipated that the Federal Reserve (FED) maintain the stable reference interest rate between 4.25% and 4.50% on Wednesday. The FOMC press conference will be observed in search of signs that rates cuts could begin in September. The operators are also waiting for key economic data this week, including the inflation report of personal consumption spending (PCE) of the second quarter and the non -agricultural payroll of July, for more information about the health of the US economy.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. US dollar was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.10% | 0.14% | -0.01% | 0.00% | 0.03% | 0.20% | 0.08% | |
| EUR | -0.10% | 0.02% | -0.15% | -0.10% | -0.06% | -0.01% | -0.01% | |
| GBP | -0.14% | -0.02% | -0.18% | -0.13% | -0.07% | -0.03% | -0.05% | |
| JPY | 0.01% | 0.15% | 0.18% | 0.02% | 0.06% | 0.16% | 0.22% | |
| CAD | -0.00% | 0.10% | 0.13% | -0.02% | -0.03% | 0.20% | 0.07% | |
| Aud | -0.03% | 0.06% | 0.07% | -0.06% | 0.03% | 0.06% | 0.02% | |
| NZD | -0.20% | 0.01% | 0.03% | -0.16% | -0.20% | -0.06% | -0.02% | |
| CHF | -0.08% | 0.00% | 0.05% | -0.22% | -0.07% | -0.02% | 0.02% |
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.
