The US Dollar Dex has a benefit of 99.50 before the FED decision, waiting for Powell's remarks
- The US dollar index is still stronger, as investors take a cautious attitude before the interest rate of the Federal Reserve.
- The focus is on the comments of Fed Chairman Jerome Powell, especially in the background of the tension.
- US Treasury Secretary Besent and Kaubandus representative Greer will meet China Vice President He Lifen.
The US Dollar Ends (DXY), which monitors the value of the US dollar (USD) to the six main currency baskets, trades about 99.50 on Wednesday in Europe, recovering over 0.50% after the previous session.
Greenback will gain strength as the markets will become cautious before the Federal Reserve (Fed) interest rate decision, which will be paid later at the North American session. Fed is expected to keep its reference rate unchanged at 4.25-4.50% at the third consecutive meeting in May 2025. This pause reflects the efforts of the central bank to balance the signs of inflation cooling with a strong labor market and increasing uncertainty with US trade policy.
The US economy signed in the third quarter, as GDP fell at a rate of 0.3%, mainly driven by an increase in import, as companies and consumers rushed to stocks before expected tariff hikes. Despite this slowdown, inflationary meters such as the Consumer Price Index (CPI) and personal consumption costs (PCE) show, while relieving price pressure, while employment data is still durable. However, investors are increasingly appreciating the softer economic conditions in the coming months.
Market participants are likely to be closely monitored by Fed Director Jerome Powell's comments, especially in the midst of tariff voltages and escalation of President Trump's political pressure.
In parallel, US Treasury secretary Scott Bessent and trade representative Jamieson Greer are planned to meet Chinese Vice -President He Lifeg Geneva this weekend. This is the first high -level meeting after US escalation, increasing global trade tensions. The Chinese Ministry of Commerce confirmed the participation after the evaluation of Washington's proposals in the light of the domestic input and the global lessons.
US Dollar Price Today
The table below shows the percentage of the US dollar (USD) on the main currencies listed today. The US dollar was the strongest against Japanese yen.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | -0.02% | 0.09% | 0.63% | 0.05% | 0.24% | 0.09% | 0.39% | |
| EUR | 0.02% | 0.10% | 0.65% | 0.07% | 0.26% | 0.11% | 0.42% | |
| Gbp | -0.09% | -0.10% | 0.52% | -0.03% | 0.16% | 0.01% | 0.31% | |
| Jpy | -0.63% | -0.65% | -0.52% | -0.58% | -0.39% | -0.48% | -0.21% | |
| Kadi | -0.05% | -0.07% | 0.03% | 0.58% | 0.20% | 0.05% | 0.34% | |
| Audio | -0.24% | -0.26% | -0.16% | 0.39% | -0.20% | -0.14% | 0.14% | |
| Nzd | -0.09% | -0.11% | -0.01% | 0.48% | -0.05% | 0.14% | 0.29% | |
| Chf | -0.39% | -0.42% | -0.31% | 0.21% | -0.34% | -0.14% | -0.29% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you select the US dollar left column and move the horizontal line to the Japanese yen, the percentage change in the box marks the USD (base)/JPY (quote).
