The US dollar index decreases to approximately 104.00 amid the morale of improved risks and growth concerns
- The US dollar index continues to slide with an improvement in a sense of risk, thanks to the latest introductory step for President Trump.
- The White House just gave the automobile companies in Mexico and Canada a single month pass on the new definitions by 25 %.
- Disappointing American job data – ADP’s recruitment change in February showed only 77,000 new jobs, less than 140,000 expectations.
The US dollar index (DXY), which measures the US dollar (USD) for six main currencies, is trading around 104.00 during the European hours on Thursday. DXY extends its losing line for a fourth consecutive day amid the morale of improved risks, driven by another shift in the tariff strategy for US President Donald Trump.
On Wednesday, the White House announced a one -month temporary exemption for car manufacturers in Mexico and Canada from an import tariff of 25 % recently imposed. In addition, Trump is considering excluding some agricultural products from the customs tariff in both countries, according to the Bloomberg correspondent on X.
President Trump also stated in a social media post that he is working with Republicans in the House of Representatives based on a continuous decision to finance the government until September, according to Reuters.
Beige Booke of Federal Reserve (FERED) is important, as concerns about the economic impact of Trump’s commercial policies grow. Signs of stress appear in the American economy even before the full implementation of these measures.
Greenback remains under pressure amid fears of slowing down the American economic momentum. The changing of the American ADP employment for February was only 77,000 new jobs, heavily lost 140K expectations and decreased much less than 186 kg. Moreover, the U.S. ISM manufacturing manager came at 50.3, under the forecast of 50.5 from 50.9 January.
Traders are now focusing on the USA salary report on Friday (NFP), which is expected to show a modest recovery in job growth, with expectations indicating an increase to 160,000 in February, an increase of 143 thousand January.
US dollar price today
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed today. The US dollar was the weakest against the Japanese yen.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -08 % | 0.03 % | -0.46 % | 0.10 % | 0.15 % | 0.02 % | -0.14 % | |
| euro | 0.08 % | 0.12 % | -37 % | 0.18 % | 0.23 % | 0.10 % | -06 % | |
| GBP | -0.03 % | -0.12 % | -0.46 % | 0.07 % | 0.12 % | -01 % | -0.17 % | |
| JPY | 0.46 % | 0.37 % | 0.46 % | 0.55 % | 0.61 % | 0.45 % | 0.32 % | |
| CAD | -0.10 % | -18 % | -07 % | -0.55 % | 0.06 % | -08 % | -0.24 % | |
| Aud | -0.15 % | -0.23 % | -0.12 % | -61 % | -06 % | -0.13 % | -0.29 % | |
| Nzd | -02 % | -0.10 % | 0.01 % | -0.45 % | 0.08 % | 0.13 % | -0.15 % | |
| Chf | 0.14 % | 0.06 % | 0.17 % | -0.32 % | 0.24 % | 0.29 % | 0.15 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
