US EditionDollar Holds Losses on Rate Cut Bets, Trade Hope Boosts Stocks
- Global stocks rose on Friday as investors welcomed progress in US-China trade talks and eased Middle East tensions.
- The trade optimism followed US Commerce Secretary Howard Lutnick's confirmation that a trade framework was signed in Geneva last month.
- Meanwhile, the US economy showed a larger-than-expected first-quarter contraction and weaker consumer spending, fueling expectations of Federal Reserve rate cuts.
- Traders now expect two rate cuts this year, with Powell taking a dovish stance amid pressure from President Trump, who may extend his tariff deal deadline beyond July 9.
- These developments pushed the Dollar Index to a three-year low, while US and Asian markets, including Tokyo and Hong Kong, climbed toward record highs.
59 Articles
59 Articles
The weakening of the American currency has been going on for a long time. It is beneficial for American companies, which gain competitiveness. It is an incentive to invest in the United States, because it costs less than in the past.
ABC FOX Montana
Dollar holds losses on rate cut bets, trade hope boosts stocks
The dollar held around three-year lows Friday as traders ramp up bets on US interest rate cuts, while most stock markets rose on hopes Donald Trump will further delay imposing tough tariffs.
Asian stocks climb, dollar holds on trade hopes and rate bets
HONG KONG, China — Asian stocks rose Friday on fresh trade hopes and the dollar held around a three-year low. This was amid bets of cuts to US interest rate cuts. Easing concerns about Middle East tensions also added to the upbeat mood. With the Israel-Iran ceasefire holding for now, investors were able to turn their attention back to the economy and Donald Trump’s tariffs. The deadline for countries to strike deals with Washington is approachin…
Daily Journal
Stocks climb, dollar holds on trade hopes and rate bets
Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts.
Dollar lingers at its weakest in over three years as traders bet on US rate cuts
SINGAPORE: The dollar drifted on Friday, hovering near its lowest level in three-and-a-half-years against the euro and sterling, as traders wagered on deeper US rate cuts while awaiting trade deals ahead of a July deadline for President Donald Trump's tariffs. © New Straits Times Press (M) Bhd
Coverage Details
Bias Distribution
- 55% of the sources are Center
To view factuality data please Upgrade to Premium
