S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market- The US Dollar Index struggles as escalating US-China trade tensions erode investor confidence in American assets.
- President Trump has launched an investigation into tariffs on critical minerals, further intensifying the trade conflict.
- Market expectations, reflected in the CME FedWatch tool, indicate approximately 85 basis points of Federal Reserve rate cuts by year-end.
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, declined after gaining in the previous session, trading near 99.50 during Wednesday’s European hours. The Greenback faces headwinds due to eroding investor confidence in US assets amid escalating US-China trade tensions.
Late Tuesday, Bloomberg reported that US President Donald Trump initiated an investigation into potential tariffs on critical minerals, marking another move in the intensifying trade war that continues to affect key global economic sectors.
Simultaneously, the Wall Street Journal, citing informed sources, suggested that the Trump administration aims to leverage tariff negotiations to encourage US trading partners to reduce their engagements with China.
A consumer sentiment survey by the Federal Reserve Bank of New York highlighted a sharp rise in household expectations of higher inflation, weaker job prospects, and deteriorating credit conditions in the coming months.
According to the CME FedWatch tool, markets are pricing in approximately 85 basis points of Federal Reserve (Fed) rate cuts by the end of the year while expecting the Fed to maintain rates during its next meeting.
US Retail Sales data for March is set to be released later in the day, offering potential insights into how tariff-related uncertainties are impacting consumer spending. Additionally, Fed Chairman Jerome Powell is scheduled to deliver a speech during the late American session.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.85% | -0.39% | -0.74% | -0.33% | -0.31% | -0.30% | -1.12% | |
| EUR | 0.85% | 0.50% | 0.13% | 0.52% | 0.79% | 0.58% | -0.27% | |
| GBP | 0.39% | -0.50% | -0.38% | 0.03% | 0.29% | 0.08% | -0.72% | |
| JPY | 0.74% | -0.13% | 0.38% | 0.40% | 0.74% | 0.49% | -0.43% | |
| CAD | 0.33% | -0.52% | -0.03% | -0.40% | 0.30% | 0.07% | -0.73% | |
| AUD | 0.31% | -0.79% | -0.29% | -0.74% | -0.30% | -0.24% | -1.01% | |
| NZD | 0.30% | -0.58% | -0.08% | -0.49% | -0.07% | 0.24% | -0.80% | |
| CHF | 1.12% | 0.27% | 0.72% | 0.43% | 0.73% | 1.01% | 0.80% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
