In recent days, we have read numerous articles about a possible agreement between the US administration and its main trading partners to devalue the US dollar.
if stocks wanted to tank, they would do so on stagflationary, record bad UoM consumer data or continued tariff news barrage – and that isn't happening,
For the second week in a row, the Nasdaq 100 traded in a sideways pattern. Last week, it fell 2.5% but recovered from a 5.2% decline at one time. This week, the tech-heavy index inched up 0.25 percent to 19754. That gain follows four weekly drops.
Gold retreats for second day as traders lock in gains and US Dollar firms. Fed officials adopt cautious tone, indicating no hurry to cut rates due to uncertainty from Trump's tariffs.
The median Fed projection sees growth slowing but only toward trend (1.8%), which is the estimate of the pace of non-inflationary growth. The tariffs are seen as a potential one-off (transitory) impact on prices.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is ticking higher on Friday, helped by a wave of geopolitical unease.
The dollar's downtrend, which began at least a week before President Trump's second inauguration stalled this week, and preliminary technical signs suggest a bottom may be in the process of forming.
The EUR/USD pair is trending downward, approaching 1.0829 on Friday as investors evaluate the latest developments in US Federal Reserve monetary policy.
