empty
 
 

17.07.202502:38:16UTC+00Dollar Edges Higher

The US dollar index experienced a slight uptick, reaching 98.4 on Thursday, as it rebounded after a turbulent previous session that ended with a decline amid renewed concerns about the Federal Reserve's autonomy. Overnight reports suggested that President Donald Trump considered terminating Fed Chair Jerome Powell, although Trump later dismissed these claims, stating it was "highly unlikely." In terms of economic indicators, US producer prices remained flat in June, an unexpected development that bolsters the argument for potential Federal Reserve rate cuts later in the year. Investors are keenly awaiting the release of retail sales data later today for additional insights. On the trade front, Trump stated on Wednesday that the US is likely to maintain a 25% tariff on imports from Japan and hinted at the potential for a new trade agreement with India, following his announcement of a deal with Indonesia on Tuesday.

  • 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