US EditionDollar Holds Losses on Rate Cut Bets, Trade Hope Boosts Stocks
- At the beginning of April, the US president introduced tariffs targeting trading partners but suspended their implementation until July 9 to facilitate trade negotiations.
- The pause aimed to enable negotiations that led to an understanding signed and sealed in Geneva last month, where tariffs were slashed and key issues addressed.
- Asian markets climbed amid renewed optimism over trade talks, while the Dollar Index dropped to its lowest point in over a year, influenced by expectations of Federal Reserve rate reductions and easing tensions in the Middle East.
- Press secretary Karoline Leavitt indicated that any extension would be at the president’s discretion, explaining that Trump has the authority to set a tariff rate in response that he considers beneficial for the country.
- Data revealed that the US economy shrank by a larger margin than earlier reported in the first quarter, with consumer spending increasing less than anticipated, while investors are now anticipating two Federal Reserve interest rate cuts this year.
54 Articles
54 Articles
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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
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