The U.S. Dollar was lower on Tuesday for the third consecutive session, as signs of cooling inflation supported market expectations that the Federal Reserve will cut rates this year.
The U.S. Dollar finished Wednesday’s session higher, after Jerome Powell, the U.S. Federal Reserve Chairman said the central bank’s current policy stance is appropriate, reducing expectations for a rate cut.
The U.S. Dollar surged on Thursday’s session, as traders reduced their bets of an interest rate cut from the Federal Reserve following the Fed Chairman Jerome Powell’s comment about U.S. inflation.
The U.S. Dollar slipped on Friday’s session, as traders focused on the negative aspects in April payrolls report, with a little to no reaction to better than expected hiring and a drop in the jobless rate to the lowest rate in more than 49 years.
The U.S. Dollar remained near a five-week low on Monday’s session, as worries about the U.S.-China trade tensions revived fears about the outlook of the global economy.
The U.S. Dollar was little changed on Tuesday, despite investors favoring safe-haven assets and placing bets on rising currency volatility after U.S. President Donald Trump threatened to impose additional tariffs on Chinese goods.
The U.S. Dollar was flat on Wednesday’s session, as investors are worried and afraid from making big moves as they are waiting news out of the trade talks between the U.S. and China which resume on Thursday.
The U.S. Dollar weakened on Thursday’s session, on weak economic data and as investors are worried that the conflict between the U.S. and China regarding the trade deal would escalate.
The U.S. Dollar weakened on Friday’s session, as worse-than-expected inflation confirmed expectations that the Federal Reserve is likely to remain on pause.
The U.S. Dollar was little changed on Monday’s session, as investors switched to safe-haven currencies such as the Swiss franc and Japanese yen.
The U.S. Dollar strengthened on Tuesday, as trade issues remained the forefront of investors’ minds after U.S. and China officials said the two countries would continue to negotiate to reach a deal.
The U.S. Dollar strengthened on Wednesday, as comments from senior Federal Reserve officials that interest rate cuts are unlikely supported the dollar.
The U.S. Dollar strengthened on Thursday, after better-than-expected economic data that helped the dollar reach a weekly high.
The U.S. Dollar strengthened on Friday, as the U.S. delayed auto tariffs, while trade tensions with China increased demand for safe-haven amid an equity selloff that caused a sharp drop in the value of equities.