22 July 2025 | Dollar

US dollar fluctuates amid uncertainty over Trump tariffs

US dollar fluctuates amid uncertainty over Trump tariffs

The US dollar is trading in a narrow range after an initial weekly decline as investors await developments in trade negotiations between the US and other major economies, Reuters reports.

Treasury Secretary Scott Bessent stressed that quality trade agreements take precedence over speed, leaving open the possibility of extending deadlines for implementing import tariffs.

Meanwhile, market concerns persist about Federal Reserve independence following President Trump's repeated criticism of Chair Jerome Powell. Capital Economics anticipates the Fed will maintain current interest rates through 2026, which could bolster the greenback.

The dollar index edged up to 97.882 after Monday's 0.6% decline, according to the report.

Anton Volkov MarketCheese
Period: 12.06.2026 Expectation: 4700 pips
Invest in Bitcoin up to $86,000
Yesterday at 10:09 AM 26
Period: 31.05.2026 Expectation: 1900 pips
Buying GBPUSD on low US inflation
Yesterday at 09:54 AM 30
Period: 19.05.2026 Expectation: 570 pips
Brent crude may extend its climb to $115.30 as US driving season kicks off
Yesterday at 08:48 AM 28
Period: 19.05.2026 Expectation: 3200 pips
Tesla shares are poised to correct following Elon Musk’s visit to China
Yesterday at 08:48 AM 17
Period: 12.07.2026 Expectation: 2000 pips
Buying AUDUSD as RBA rate hike lends support
Yesterday at 07:00 AM 20
Period: 08.06.2026 Expectation: 1500 pips
Investing in USDCAD with target of 1.38000
08 May 2026 87
Go to forecasts