16 July
Reuters: volatility in the US market continues to pressure the dollar
As reported by Reuters, the US dollar remains near a five-month low, pressured by President Donald Trump's tariff policies and weak US economic data. Analysts at Goldman Sachs, Dominic Wilson and Kamakshi Trivedi, noted that America's market position is weakening due to the resulting uncertainty.
Economic data released on Friday showed US consumer sentiment falling to a two-year low, while inflation expectations are on the rise, according to Reuters.
The US dollar remained stable near its recent low during the Asian trading session on Monday. As the agency recalled, the dollar had reached a two-year peak in January. Since then, the dollar index has fallen by approximately 6%, as hopes for economic growth under Trump have diminished amid fears of ongoing trade uncertainty.
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