US Edition
U.S. Dollar Faces Continued Pressure Amid Rate Cut Expectations
- On the second of April, the U.S. government under President Trump announced broad tariffs on imports from the majority of countries, describing the action as "Liberation Day."
- The tariffs followed rising concerns over US debt and erratic policies amid a 90-day tariff pause set to expire on July 9.
- The US dollar index fell 10.8% from January to June, its worst first-half decline since 1973, hitting a three-year low versus major currencies.
- A Reuters poll showed over 80% of FX analysts expect the dollar to weaken further, driven mainly by ongoing 'tariff negotiations'.
- This dollar weakness has prompted investors and central banks to reassess US assets, while higher import costs sustain inflation pressures.
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U.S. Dollar Faces Continued Pressure Amid Rate Cut Expectations
The U.S. dollar is near a 3.5-year low against the euro and sterling as expectations grow for U.S. rate cuts. President Trump's tariff deadlines and the potential for a new dovish Federal Reserve chair contribute to this pressure, impacting global currency markets, including emerging market currencies.
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right5Center3Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 27%
C 27%
R 45%
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