The US dollar strengthened against the euro, sterling and yen ahead of Kevin Warsh’s Jackson Hole speech on August 28. The Australian dollar outperformed its major peers, while oil slipped as traders weighed Washington’s shift towards economic pressure on Iran.
By Sagar Dua The U.S. dollar is weakening against the euro and yen but strengthening against the British pound. Investors are closely monitoring U.S.–China trade negotiations, which have already touched on export restrictions for rare earth elements and advanced technologies—issues that continue to concern global automakers. President Donald Trump positively assessed the outcome of the second negotiation round in London, stating he is receiving “only good reports” from his team. According to analysts, expectations for the full removal of comprehensive 10% import tariffs are premature. More likely, the U.S. will maintain a 40% tariff rate on Chinese goods, but even incremental changes in these agreements could drive renewed dollar strength.
By Sagar Dua United States of America. The US dollar is weakening against the euro and pound but strengthening against the yen.
By Sagar Dua Rising inflation rates worldwide are influencing currency markets. We explore how inflation is affecting different currencies and what traders can expect going forward.
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