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US Dollar soft after PMI data and gloomy Fed's Beige Book

Summary by Bitcoin Ethereum News

The post US Dollar soft after PMI data and gloomy Fed’s Beige Book appeared on BitcoinEthereumNews.com. The US Dollar Index trades near 99.50 on Wednesday after erasing earlier gains from Asian hours. Mixed PMI data and lack of clarity from Trump’s tariff stance keep USD under pressure. MACD prints a sell signal with resistance seen near 99.95 and 100.10; support rests at 98.94. The US Dollar Index (DXY) failed to hold onto its early strength du…

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Federal Reserve Bank of Boston

The Beige Book – First District

2 months ago

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FXStreet

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Bitcoin Ethereum News

US Dollar soft after PMI data and gloomy Fed's Beige Book

The US Dollar Index (DXY) failed to hold onto its early strength during Wednesday’s session and now drifts near the 99.50 region, reflecting continued uncertainty around US trade policy and softening business momentum.

2 months ago

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FinanceFeeds

Global FX Market Summary: US Trade Policy, Eurozone PMI Data, Central Bank Rhetoric 23 April 2025 - FinanceFeeds

USD strength fluctuated on trade optimism and Fed stability; Euro weakened by soft Eurozone PMI; central bank rhetoric drove market expectations. Shifting US Dollar Strength Driven by Trade and Monetary Policy Sentiments: The US Dollar experienced fluctuations based on evolving market perceptions of US trade policy with China and the Federal Reserve’s stance. Initially, the USD gained as news suggested potential easing of US-China trade tensions…

2 months ago

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