US EditionUS Dollar soft after PMI data and gloomy Fed's Beige Book
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FXStreet
Bitcoin Ethereum NewsUS Dollar soft after PMI data and gloomy Fed's Beige Book
The US Dollar Index (DXY) failed to hold onto its early strength during Wednesday’s session and now drifts near the 99.50 region, reflecting continued uncertainty around US trade policy and softening business momentum.
Global FX Market Summary: US Trade Policy, Eurozone PMI Data, Central Bank Rhetoric 23 April 2025 - FinanceFeeds
USD strength fluctuated on trade optimism and Fed stability; Euro weakened by soft Eurozone PMI; central bank rhetoric drove market expectations. Shifting US Dollar Strength Driven by Trade and Monetary Policy Sentiments: The US Dollar experienced fluctuations based on evolving market perceptions of US trade policy with China and the Federal Reserve’s stance. Initially, the USD gained as news suggested potential easing of US-China trade tensions…
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