US Dollar Flexes Muscles Near 3-Week High
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The greenback’s strutting its stuff.
The US dollar index just hit a three-week high, breaking the 104.3 mark.
Why? Traders are playing a high-stakes game of economic Tetris, trying to fit together PMI data, Trump’s trade teases, and Fed whispers.
March’s business activity report is a mixed bag.
Services are partying like it’s 2019, while manufacturing’s feeling a bit under the weather.
But here’s the kicker: business optimism’s taken a nosedive, hitting lows we haven’t seen since the pandemic hangover of 2022.
Blame it on Trump’s tariff threats and policy whiplash.
Speaking of tariffs, Trump’s playing it coy. He’s hinting at “flexibility” in his April 2 plan, with whispers of a more targeted approach.
Could some industries dodge the bullet? 🎯
Meanwhile, the Fed’s sticking to its guns. They’re still eyeing two rate cuts this year, but they’re in no rush to pull the trigger. It’s like they’re playing chicken with inflation – who’ll blink first?
For short-term traders, this cocktail of uncertainty spells V-O-L-A-T-I-L-I-T-Y.
Keep your eyes peeled for Trump tweets, Fed speak, and economic data drops. This rollercoaster’s just getting started! 🎢📈📉
Chart: Trading Economics
