- The US Dollar’s downtrend pauses, with the DXY US Dollar Index fluctuating approximately 0.50% in negative territory.
- China insists on the removal of tariffs as a prerequisite for commencing discussions.
- The US Dollar Index continues to face resistance below the key psychological threshold of 100.00.
The US Dollar Index (DXY), which measures the US Dollar’s (USD) strength relative to a basket of six prominent currencies, is trading down, showing a decrease of around 0.60% on Thursday. This immediate response follows statements from United States (US) President Donald Trump and US Treasury Secretary Scott Bessent. Separately, they clarified that the US has not presented any unilateral proposal to China regarding tariff reductions. Bloomberg indicates that Trump mentioned the possibility of re-evaluating reciprocal tariffs if negotiations do not progress according to the Trump administration’s objectives.
Regarding the economic schedule, the Durable Goods data presents a mixed outlook. The overall Durable Goods figure demonstrates a substantial increase of 10.4%, contrasting with the prior 0.8% and surpassing the anticipated 2.0% for March. However, the core Durable Goods, excluding automobiles and transportation, reveals a stagnation at 0%, compared to the previous 0.7% and the projected 0.2%.
