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: 2025.05.06
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US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent
World FX news
Breaking news
US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent
New
2025.05.06 17:15
2025.05.06 17:15
2025.05.06 17:15
- US Dollar Index is under pressure as the yield on the 2-year US Treasury bond breaks its three-day winning streak, slipping to 3.81%.
- Trump stated on Monday that he intends to introduce pharmaceutical tariffs within the next two weeks.
- Fed is widely expected to keep interest rates unchanged on Wednesday; Fed Powell's comments will be eyed.
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is depreciating after registering gains in the previous session, trading near 99.60 during the European hours on Tuesday.
The Greenback is under pressure as the yield on the 2-year US Treasury bond breaks its three-day winning streak, slipping to 3.81%, depreciating by 0.70%. In contrast, the 10-year yield extends its gains, holding steady at 4.36% at the time of writing.
Additionally, US President Donald Trump stated on Monday that he intends to introduce pharmaceutical tariffs within the next two weeks. Trump also announced plans last week to direct the US Trade Representative and the Commerce Department to begin imposing a 100% tariff on films produced abroad.
The Federal Reserve (Fed) is scheduled to announce its monetary policy on Wednesday. While the Fed is widely expected to keep interest rates unchanged, markets are closely watching Chair Jerome Powell's comments, particularly amid tariff-related uncertainty and mounting pressure from President Donald Trump for rate cuts.
Treasury Secretary Scott Bessent said Monday that the US is "very close to some deals," reinforcing comments made by Trump over the weekend about progress in trade negotiations. However, Trump confirmed he will not meet with Chinese President Xi Jinping this week. Meanwhile, China's Commerce Ministry stated Friday it is reviewing a US proposal to restart talks.
On the economic front, US data signaled resilience in the services sector. The ISM Services PMI climbed to 51.6 in April, surpassing expectations of 50.6 and improving from March's 50.8. The New Orders Index rose to 52.3 from 50.4, and the Services Employment Index increased to 49 from 46.2.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.16% | -0.18% | -0.32% | -0.06% | 0.21% | -0.28% | 0.21% | |
| EUR | 0.16% | -0.04% | -0.15% | 0.12% | 0.35% | -0.13% | 0.36% | |
| GBP | 0.18% | 0.04% | -0.15% | 0.12% | 0.41% | -0.11% | 0.41% | |
| JPY | 0.32% | 0.15% | 0.15% | 0.25% | 0.52% | 0.11% | 0.53% | |
| CAD | 0.06% | -0.12% | -0.12% | -0.25% | 0.26% | -0.23% | 0.29% | |
| AUD | -0.21% | -0.35% | -0.41% | -0.52% | -0.26% | -0.48% | 0.02% | |
| NZD | 0.28% | 0.13% | 0.11% | -0.11% | 0.23% | 0.48% | 0.51% | |
| CHF | -0.21% | -0.36% | -0.41% | -0.53% | -0.29% | -0.02% | -0.51% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Last updated
: 2025.05.06
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US Dollar Index (DXY) stalls above 99.00 as JOLTS jobs optimism fades
The US Dollar Index (DXY) nudges lower on Wednesday, following a sharp rebound on Tuesday.
New
2025.06.04 20:51JPY: Media report of BoJ equivocation on policy normalization - Scotiabank
The Japanese Yen (JPY) is weak, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with all other major currency peers showing modest gains (vs. USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.06.04 20:48GBP is trading quietly on the day - Scotiabank
Pound Sterling (GBP) is also trading in a tight range, entering Wednesday's NA session with a minor gain vs. the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.06.04 20:42EUR flat vs. USD following modest improvement in PMI's - Scotiabank
The Euro (EUR) is entering Wednesday's NA session unchanged against the US Dollar (USD), quietly consolidating in a tight range just below 1.14, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.06.04 20:40Gold finds floor as US-China trade tensions resurface
Gold trades broadly stable on Wednesday's mid-European session, paring back some gains seen earlier in the day, driven by a weaker US Dollar (USD), as doubts over a US-China trade deal grow given recent comments from US President Donald Trump.
New
2025.06.04 20:38CAD little changed ahead of BoC policy decision - Scotiabank
USD/CAD is essentially flat as markets await the BoC policy decision. The economists' consensus has swung to no change after anticipating a 25bps cut until late last week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.06.04 20:36USD little changed as markets mull tariffs - Scotiabank
The USD is trading steady to a little softer overall in quiet trade. Global stocks are firmer while bonds are little changed in rather quiet trading, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.06.04 20:33British Pound recovers ground amid soft USD, upbeat PMI, and tariff reprieve
The British Pound (GBP) edges higher against the US Dollar (USD) on Wednesday, paring Tuesday's losses as the Greenback softens slightly ahead of key US labor market data.
New
2025.06.04 20:27Australia: Soft 1Q25 GDP reinforces expectations for further easing by RBA - UOB Group
Australia's GDP posted a 0.2% q/q rise in 1Q25, lower than consensus expectations for a 0.4% q/q print, and growth pace of 0.6% q/q in 4Q24. It was also weaker than the RBA's May Statement on Monetary Policy forecast of 0.4%.
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2025.06.04 20:00CAD: Slight tendency towards unchanged interest rates - Commerzbank
Today's decision by the Bank of Canada (BoC) promises to be very exciting. Whether the Bank of Canada will cut interest rates again or wait until its next meeting at the end of July is not a foregone conclusion, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.06.04 19:55Disclaimer:
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