empty
 
 

2025.05.2818:30:45UTC+00Dollar Index Approaches 100

The dollar index rose above 99.9 on Wednesday, building on a near 0.4% increase from the day before. This upward movement comes as traders process the latest Federal Open Market Committee (FOMC) minutes and look for new market influences amid ongoing trade tensions and fiscal policy developments during the Trump administration. Insights from the recent FOMC meeting indicate that policymakers are adopting a cautious stance, opting to evaluate the economic repercussions of recent government actions and tariff implementations. Officials noted heightened risks concerning rising unemployment and inflation. On Sunday, President Trump delayed the enforcement of a proposed 50% tariff on EU imports to July 9th, shortly after announcing this extensive policy. The dollar exhibited significant strength, particularly against the yen, following reports suggesting possible intervention by Japanese authorities to stabilize their bond market. Despite this recent rally, the dollar remains near its lowest levels seen in 2023, specifically in April, and has declined by more than 7% so far this year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback