• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

20 January 2025 18:17  |

Dollar Slips in Thin Trade Hours Before Trump’s Inauguration

The dollar fell against most major currencies as traders trimmed widely-favored bullish positions on the greenback just hours ahead of Donald Trump’s second inauguration as the US President. 

A Bloomberg gauge of the dollar declined as much as 0.3% on Monday, as Trump’s call on Friday with China President Xi Jinping helped ease jitters over trade tensions between the two nations. Thin liquidity due to a holiday in the US likely exacerbated the greenback’s weakness against everything from Australia’s dollar to the offshore yuan.

“We are all waiting for the big event — Trump’s speech and executive orders to follow,” said Rodrigo Catril, strategist at National Australia Bank Ltd. in Sydney. “Liquidity is thin and one should treat the price action signaling with care.”

Source: Bloomberg

Related News

US DOLLAR

Dollar Closes Best Year Since 2015 With Bullish Bias

The dollar posted a modest decline on the final day of the year, its best in nearly a decade, as long-term options and charts...

31 December 2024 17:05
US DOLLAR

Dollar Index Hits 25-Month High

The dollar index dipped to around 108.3 on Thursday, starting the year on a subdued note following a strong performance in 20...

2 January 2025 17:36
US DOLLAR

Dollar Off Weekend Highs

The U.S. dollar weakened on Friday but remained on track for a strong weekly performance, boosted by expectations of better U...

3 January 2025 18:02
US DOLLAR

Dollar advances near 7-month peak after US inflation data

The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for O...

13 November 2024 23:41
BIAS23.com NM23 Ai