U.S dollar Loses more Weight

The greenback appeared destined to record its fourth consecutive weekly decline as investors fled the United States due to tariffs despite recovering from a seven-month low against the yen.

Olumide Adesina1 min read

Register now to be able to add articles to your reading list.

” aria-hidden=”true”>

Quick overview

  • The US dollar is on track for its fourth consecutive weekly decline due to investor concerns over tariffs and economic stability.
  • The Swiss franc has gained 8% against the dollar since April 2, reaching a decade-high resistance level.
  • The euro and yen have also appreciated by about 5% against the dollar in recent weeks, with the euro still poised for a fourth weekly increase.
  • The dollar briefly recovered against the yen after comments from Japan’s economy minister, but uncertainty remains regarding future agreements.

The greenback appeared destined to record its fourth consecutive weekly decline as investors fled the United States because of tariffs despite recovering from a seven-month low against the yen.

Investor confidence in US economic growth and stability has been undermined by the US’s threat, imposition, and subsequent postponement of massive tariffs, which have caused the dollar to decline.

Among the G10 currencies, the safe-haven Swiss franc has gained the most, by 8%, since April 2. It is currently testing strong resistance at a decade-high of 0.81 at 0.8151 per dollar.

The euro and yen are not far behind with gains of about 5% on the dollar in just over two weeks. The euro eased marginally to $1.1373 in the morning in Asia, still poised for a fourth consecutive weekly increase despite the European Central Bank’s anticipated 25 basis point rate cut later in the day.

When Ryosei Akazawa, Japan’s economy minister, stated that foreign exchange had not been discussed at the trade talks in Washington, the dollar recovered above 142 yen after plunging to a seven-month low of 14.62 yen early in the Asia session.

The  yen had appreciated going into the meetings, in the hopes that the nations would agree to strengthen

However, gains could be undone if no agreement is reached, as the long yen is at its highest since 1986.  The dollar index was poised to record its fourth consecutive week of losses at 99.5 on the Thursday session trade.

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.

Related Articles



Source link

Visited 1 times, 1 visit(s) today

Related Article

DXY daily forex chart with 99.00 support and 100.20 resistance

Weekly Forex Forecast For DXY, EURUSD, GBPUSD, USDCHF, And XAUUSD (May 26-30, 2025)

The forex market is ending the week with potentially significant moves that may dictate next week’s direction. Watch today’s video on the DXY, EURUSD, GBPUSD, USDCHF, and XAUUSD for the details. Remember to scroll down for some additional notes and annotated charts. US Dollar Index (DXY) Forecast The DXY is testing its 99.20 support today

FX Spot+ Trades $1.4bn in a Single Day

FX Spot+ Trades $1.4bn in a Single Day

CME Group, the world’s leading derivatives marketplace, announced that FX Spot+ reached a single-day volume of over $1.4 billion traded in spot and FX futures via implied matching technology on May 12, 2025. In the first month of trading, more than 40 clients have actively traded on the new marketplace, including 20 banks that had

usdyen wrap 22 May 2025 2

USD/JPY swings — TradingView News

The yen was a notable mover during the session here, with yen crosses fist surging higher and then giving it all back, and more. The move higher of USD/JPY (and crosses) came on the back of a statement from the US Treasury that Secretary Bessent had met with Japan finance minister Kato and forex matters

Blue-Chip Firms Sinks Nigerian Stock Market

Blue-Chip Firms Sinks Nigerian Stock Market

The Nigerian major stock market experienced negative performance on Thursday, with investors losing N274 billion in market value Olumide Adesina•Friday, May 23, 2025•1 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Quick overview The Nigerian stock market saw a decline

ET logo

Rupee trades in narrow range against US dollar in early trade

The rupee traded in a narrow range in morning trade on Thursday, as the support from weak dollar index was negated by elevated crude oil prices and persistent dollar demand from importers and foreign banks. Forex traders said broad-based dollar weakness, with DXY falling to a 99 level, is expected to act as a tailwind

Vantage Showcases Global Expertise at Forex Traders Summit Dubai 2025

PORT VILA, Vanuatu, May 22, 2025 /PRNewswire/ — Vantage Markets capped off a standout appearance at the Forex Traders Summit Dubai 2025 as an official partner, earning the prestigious “Best Global Broker” award and reinforcing its reputation as a global leader in multi-asset trading. This recognition was awarded by summit organisers in acknowledgement of Vantage’s

Robinhood Proposed Federal Regulation on RWA

Robinhood Proposed Federal Regulation on RWA

Robinhood proposed a uniform federal approach to regulating tokenized real-world assets to the US Securities and Exchange Commission (SEC). Olumide Adesina•Thursday, May 22, 2025•1 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Quick overview Robinhood has proposed a uniform federal

Silver Price Hits $33.57: 3 Levels Traders Are Watching as Breakout Momentum Builds

Silver Price Hits $33.57: 3 Levels Traders Are Watching as Breakout Momentum Builds

Silver (XAG/USD) is trading at $33.57, up on a softer US dollar and rising geopolitical tensions. The greenback dropped 0.6% Arslan Butt•Thursday, May 22, 2025•1 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Quick overview Silver (XAG/USD) is currently trading

Fidelity International: Championing individuality in the real money world

Fidelity International: Championing individuality in the real money world

Fidelity International, inaugural winner of The TRADE’s Foreign Exchange Trading Desk of the Year Award 2024 was – and continues to be – recognised across the street for its thriving work across the global FX space. When it comes to what has contributed to the desk’s success story, Nigell Todd, head of global FX trading

7 Ways T4Trade

Trading Platform for Purpose-Driven Traders

Change is a constant in the markets. The personal values of the generation which is starting to trade forex online are another constant. Standards such as integrity and credibility are just as important to them as a low-spread forex broker and advanced tools. As well as seeking returns from their investments, they are also looking

CME FX Spot+ Hits $1.4B Daily Volume, Attracts 40 New Trading Clients

CHICAGO and LONDON, May 22, 2025 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced that FX Spot+ reached a single-day volume of over $1.4 billion traded in spot and FX futures via implied matching technology on May 12, 2025. In the first month of trading, more than 40 clients have actively traded

image

Gold Analysis Today 22/05: Support Further Gains (chart)

Today’s Gold Analysis Overview: The overall Gold Trend: Tends towards an upward correction. Today’s Gold Support Levels: $3278 – $3220 – $3160 per ounce. Today’s Gold Resistance Levels: $3345 – $3385 – $3420 per ounce. Today’s gold trading signals update: Sell Gold from the $3362 resistance level with a target of $3200 and a stop-loss

CFI launches CFI Academy web-based learning platform for traders and investors

CFI launches CFI Academy web-based learning platform for traders and investors

Leading online trading provider CFI Financial Group has announced the launch of CFI Academy, a web-based learning platform developed to equip traders and investors of all levels with the skills and confidence to navigate the financial markets. Accessible directly through the CFI website, CFI Academy provides a flexible, on-demand experience featuring bite-sized, expert-led courses tailored

Forex Trading Platform Market

Forex Trading Platform Market Size Trends and Forecast

Forex Trading Platform Market According to Market Research Intellect, the global Forex Trading Platform market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout

Gold at 2 week high amid High Geopolitical Uncertainty

Gold at 2 week high amid High Geopolitical Uncertainty

Olumide Adesina•Thursday, May 22, 2025•2 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Quick overview Gold prices are rising due to increased demand driven by geopolitical tensions and domestic political challenges in the US. As of Wednesday, gold futures are

Ross Lancaster, Acuiti

FX Firms Embrace Next-Gen Infrastructure for Growth

Institutional FX trading firms are accelerating investment in advanced technologies as they prepare for rising volumes and increasingly fragmented liquidity, according to a new report by Acuiti in partnership with Avelacom. The study, titled FX Trading in 2025: Growth Amid Fragmentation, AI and the Shift to Direct Connectivity, found that 82% of survey respondents expect

Bitcoin Looks to Be Heading to New All-Time

Bitcoin Looks to Be Heading to New All-Time

Bitcoin Makes Record High New York Close Yesterday; US Dollar Falls to 2-Week Low, UK CPI Expected to Rise to 3.3% Summary: Bitcoin is rising strongly and Europe opened with Bitcoin less than $2,000 from its record high price. Bitcoin is in focus today after making its highest ever New York close yesterday at about

DXY forex daily chart with 99.00 support and 100.20 resistance

Forex Mid-Week Analysis: DXY, EURUSD, GBPUSD, And USDCHF

The forex market made significant moves on Tuesday, but will they hold through Thursday’s PMI line-up? Watch today’s video for the key levels to monitor and potential scenarios to trade. I’m sharing my complete DXY, EURUSD, GBPUSD, and USDCHF trading plan. US Dollar Index (DXY) Analysis The DXY broke below the 100.20 handle on Tuesday,

image

Beware of Head and Shoulders (Chart)

Today’s Gold Analysis Overview: Overall Gold Trend: Neutral with a tendency for an upward correction. Today’s Gold Support Levels: $3240 – $3200 – $3170 per ounce. Today’s Gold Resistance Levels: $3310 – $3355 – $3400 per ounce. Today’s gold trading signals update: Sell Gold from the $3330 resistance level with a target of $3100 and

0
Would love your thoughts, please comment.x
()
x