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

Indonesia News Portal for Traders | Financial & Business Updates

5 February 2025 19:51  |

US Dollar Declines As Traders Assess Trade War Risks

The US dollar weakened against most major currencies as traders continued to assess the risk of an imminent trade war.

The Bloomberg Dollar Spot Index fell 0.4% to its lowest in more than a week, with the greenback continuing to weaken from its strongest level in more than two years hit on Monday.

Traders recalibrated their outlook for the world’s reserve currency after US President Donald Trump delayed the imposition of levies on Mexico and Canada. That returned the focus to market fundamentals, with weaker US jobs data on Tuesday leading to increased bets on interest rate cuts.

“The broad dollar weakness continues to persist, thanks to tariff hedges for near-term moves being unwound,” said Jordan Rochester, head of FICC strategy at Mizuho. “A one-month delay means it’s not worth paying for it right now.”(Newsmaker23)

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 Steady Ahead Of Fed Decision

The dollar was steady on Wednesday ahead of the U.S. Federal Reserve's policy decision, with investors nervously awaiting clu...

29 January 2025 18:14
BIAS23.com NM23 Ai