Dollar News (USD)

The US-China Business Council reports China is now slapping tariffs of at least 125% on all American exports, worth a total of $140.7 billion. This move puts over 862,000 US jobs that support the exports at serious risk.

According to the US Bureau of Labor Statistics, the number of job openings reached 7.19 million in March, down from 7.48 million a month earlier. Additionally, February's reading was revised downward from the 7.57 million vacancies initially reported.

Consumer confidence in the US reached its lowest level over the last 5 years in April.

The dollar held steady on Wednesday, but posted its weakest monthly performance since November 2022. The uncertain trade policy of US President Donald Trump continues to weigh on the currency, Reuters reports.

A decrease of the indicator value may contribute to the fall in quotes of USD.

Torsten Slok of Apollo Global Management shared a detailed analysis of potential impacts from the US administration’s trade policy. He estimates that first signs of a shortage of Chinese goods could emerge as early as May, and the US economy risks sliding into a recession in the summer of 2025.

According to a report by the Federal Reserve Bank of Dallas, a widely used gauge of manufacturing activity in Texas has plummeted to a 5-year low due to Donald Trump's tariff policies.

The Bloomberg Dollar Spot Index slipped 0.5% on Monday, extending its year-to-date decline to almost 7%. According to the agency, soft US industrial-production data and sluggish progress in trade talks have fueled the sell-off in the greenback.

Donald Trump intends to reduce the proposed tariffs on imported cars and auto parts. The decision is motivated by the fact that the United States has managed to achieve the target of stimulating the local industry, according to Bloomberg.

The dollar barely recovered from steep losses on Tuesday as investors remained uncertain about a de-escalation in trade tensions between China and the US, according to Reuters.