“Trump can absolutely make the dollar go down by saying, ‘I’m going to tax investors if they come into the United States,’ which is in the Senate Bill. Americans’ wallets could be set to take a hit as the U.S. dollar has tumbled to a three-year low amid concerns about the stability and strength of the country’s economy. The Trump administration’s flip-flopping on tariffs has been “detrimental to confidence” in the US dollar, according to Sai. The country that accounts for about a quarter of the world’s mined copper shipped $4.7 billion worth of the metal last month, the biggest haul since December of 2021, according to data released by the Chilean central bank on Monday. The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers including the bank’s president, John Williams. Shares of telecommunications company SK Telecom — which is part of SK Group, one of South Korea’s largest conglomerates — fell more than 7%.
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Multiple key catalysts are unfolding in the corn, soybean, and wheat futures markets.
- Trump, in a pair of Truth Social posts, shared screenshots of letters apparently sent to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung dictating the new tariff rates.
- The higher tariffs could boost inflation and prevent the Fed from cutting interest rates, a supportive factor for the dollar.
- The US is preparing to start delivering letters to dozens of countries in the coming days, with the Trump administration’s 90-day pause on higher duties set to expire on Wednesday.
- The Fed has faced pressure from Trump to lower borrowing costs, but has stopped short of doing so in order to assess the potential impact of the President’s tariffs and keep unemployment low.
- The chief executive officer announced over the weekend that he’ll take on Republicans and Democrats with the “America Party,” focusing on House and Senate seats for the next 12 months.
But Erten emphasizes that Americans will feel the impact of a weakened dollar on their wallets eventually. The U.S. dollar slumped to its lowest level since 2022 on Thursday, putting the greenback on track to have its worst start to a year in decades. One obvious effect of a weakening U.S. dollar is that it becomes more expensive for Americans to go to popular destinations abroad, since the greenback will be worth less than local currencies. Of course, such excursions tend to be taken largely by travelers who are less worried about increased costs. President Donald Trump wants the U.S. to increase its exports and lower its imports. Thanks to a historic decline in the value of the U.S. dollar, he may get his wish — but at a cost he may not have anticipated.
Market Cap
In addition to the fatalities, 63 people were injured and 567 arrested, the police said on X Monday. If all goes well, Figma may even have a chance of reclaiming its $20 billion valuation from a failed acquisition by rival Adobe Inc. agreed in 2022. A tender offer two years later to allow employees to sell some shares valued Figma at a lower mark of $12.5 billion. “It’s the kind of profile that commands a premium, even as the broader application software market becomes more selective,” Miner said in an interview with Bloomberg News.
- Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice.
- The value of a currency oscillates consistently largely based on confidence in a country’s economic growth, fears around economic factors like inflation and policies implemented by governments and banks.
- A slumping U.S. dollar and falling Treasury yields are both bullish for raw commodities.
- All of the uncertainty around the dollar runs counter to a global financial market that has long seen U.S. currency as the safest bet around.
U.S. Dollar Index Futures Market News and Commentary
The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. US Gross Domestic Product (GDP) refers to the total market value of all final goods and services produced in the United States. It serves as a gross measure of market activity, indicating the pace at which the nation’s economy is growing or contracting. Generally, a high reading or better-than-expected number is considered positive for the Dollar Index, while a low reading is seen as negative.
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The fear, Erten explains, is that a weaker U.S. dollar is just one segment in a chain of causes and effects that could lead to economic chaos. Traveling through parts of Southern Europe used to be a way to get more bang for your buck because of the strong value of the dollar, but things have changed over the last few months. The value of the dollar has plunged about 9% since January, with a 4.5% drop in April alone. In that respect the fall of the U.S. dollar may work to the advantage of Trump, who has vowed to bring back manufacturing jobs to the U.S. A survey of global fund managers by Bank of America in June showed the lowest exposure to the US dollar since 2005.
For the major indices on the site, this widget shows the percentage of stocks contained in the index that are above their 20-Day, 50-Day, 100-Day, 150-Day, and 200-Day Moving Averages. “When the Fed makes decisions, those are just decisions for the U.S. economy, but it affects all of the economies because all the rest of the world is linked to the U.S. economy because the U.S. dollar is the dominant currency,” Erten says. “Now what will happen with the U.S. dollar weakening is that all the imported goods prices will go up,” Erten says.
“We are grateful that Samsung will address Epic’s concerns,” Epic Chief Executive Officer Tim Sweeney said in a post on X. He didn’t elaborate and an Epic spokesperson declined to offer further comment, while a Samsung spokesperson referred to Sweeney’s post. Representatives of Google didn’t immediately respond to a request for comment. Figma Inc.’s expected US initial public offering is shaping up as a potential summer blockbuster first-time stock sale, as investors look to back a rare debut from a fast-growing software company.
Gold pared losses after President Donald Trump said he’ll impose 25% tariffs on goods from Japan and South Korea starting August 1, the first announcements in what the US president promised would be a flurry of written warnings and trade deals on Monday. White House press secretary Karoline Leavitt said that 14 letters will be sent on Monday, with more to be expected in the following days. She added that Trump will sign an executive order to delay his tariff deadline, previously anticipated to be sometime this week, until August 1. There are certain advantages that come with a weaker dollar for countries that are tied to the value of U.S. currency, particularly those with U.S. denominated debts. A weaker dollar means “repaying the debt is going to be a little bit cheaper than what it used to be,” Erten says. All those troubling indicators about the future of the U.S. economy have led investors to sell off bonds, causing the demand for the dollar to go down and pushing its value even lower relative to other currencies.
Concerns about the economic fallout from Trump’s tariffs weigh on investors’ sentiment. The emergence of some USD weakness might contribute to limiting losses for the XAU/USD pair. USD/JPY retreats slightly from a two-week high touched on Monday amid renewed US Dollar selling. A turnaround in the global risk sentiment benefits the Japanese Yen and weighs on the pair.
As investors eye the U.S. market with unease, an economist says that could change, with major impacts in the U.S. and abroad. Over the past six months, the dollar has declined more than 10% compared with a basket of currencies from the U.S.’ major trading partners — something it has not done since 1973. European natural gas prices edged higher as traders pitch the perfect investment eyed US President Donald Trump’s fast-approaching tariff deadline and the impact levies will have on global economic activity. The move is part of Trump’s rush to overhaul US trade policies that have served as a steady source of uncertainty for markets, which has helped bolster demand for gold, a safe-haven asset. The two Asian nations now have a narrow three-week window to open their markets to American products and manufacture more in the US to avoid his unilateral levies.
If there is waning demand for the dollar, Treasury yields could rise, increasing the cost of borrowing for both the US government and consumers. Chilean copper mines had their best month of export revenue in more than three years in June, with the increase in value outstripping price gains in a sign of rising production. The stock has declined 28% this year as the CEO’s politicking has hurt Tesla’s standing with car buyers.
Stocks fell Monday as traders weighed the latest developments on the trade front to start the week. Both letters say that the 25% tariffs are separate from additional sector-specific duties on key product categories. The duty would be charged on top of any other tariffs and there would be no exceptions to the policy, Trump said in a Sunday-night post on Truth Social.
The U.S. dollar index (DXY) slid as low as 98.6 Thursday morning, its lowest reading since March 2022, and more than 9% below where it started the year. The index has only shed more than 9% of its value during the first half of the year two other times since 1985, and the last was in 2002. “As such, investors are starting to diversify out of the US in both public and private markets,” they said. At home, a bigger concern is inflation, and lost purchasing power for U.S. consumers and businesses, who still remain heavily reliant on imports. Until America is able to sustainably produce more goods on its own at higher volumes, purchasing power will decline as it becomes relatively more expensive to import goods from abroad.