US Edition
Dollar slides on easing trade tensions, Fed expectations
- The US dollar slid on Thursday as President Trump indicated willingness to extend the July 8 trade talks deadline before new tariffs apply.
- This slide followed indications of a more conciliatory US tariff approach and growing anticipation that the Federal Reserve will lower interest rates amid ongoing trade discussions with China.
- The dollar declined to 98.327, dropping by nearly half a percent versus the yen and by about a third of a percent against the Swiss franc, while the euro climbed to its highest level in seven weeks at $1.1525.
- Senior strategists noted market uncertainty about trade outcomes, with one stating Trump may be creating urgency in talks, while details of US-China progress remain unclear.
- The dollar's decline suggests shifting global dynamics as easing US-China tensions and expected Fed cuts boost investor confidence in Asian and European markets.
15 Articles
15 Articles
The dollar suffered a fall on Thursday due to indications that U.S. President Donald Trump could soften his stance in the tariff negotiations.In addition, expectations of tariff cuts by the Federal Reserve also influenced, according to the original report. Trump expressed his willingness to extend the July 8 deadline to complete trade talks before higher tariffs are imposed in the U.S. Possible extensions for countries negotiating in good faithT…
Asian currencies strengthen on signs of easing trade tensions
SINGAPORE/HONG KONG: Emerging Asian currencies strengthened on Thursday as the dollar weakened following a softer US inflation report, while the US-China trade truce and signs that President Donald Trump may adopt a milder stance in tariff talks also supported risk sentiment.
Dollar slides on easing trade tensions, Fed expectations
By Rae Wee SINGAPORE (Reuters) -The dollar slid on Thursday on further signs that U.S. President Donald Trump may adopt a softer stance in tariff negotiations and heightened expectations of Federal Reserve rate cuts. Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs are imposed. U.S. Treasury Secretary Scott Bessent suggested earlier that the Trump adminis…
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