- The US dollar holds over 108.00 grounds as traders are waiting for the weekend tariffs.
- Trump is threatening 100 % of Brics countries in the case of US dollars in US trade.
- US PCE inflationata shows stable price pressure and enhances the Fed's cautious posture.
- The US dollar index appears nearly 108.50 and indicates a weekly high price.
The US dollar index (DXY), which measures the value of US dollars on currency baskets, remains more than 108.00 than the highly expected weekends for World Trade Policy. Since Canada and Mexico tariffs will be enforced on Saturdays, market volatility is expected at the beginning of next week. In addition, during the Friday session, PresS SEC. KAROLINE LEAVITT repeatedly closed on February 1 as a deadline for Canada and Mexico. In addition, the US government confirmed the tariffs on Canada and Mexico at 25 % and 10 % in China.
Meanwhile, President Trump repeated his attitude toward BRICS countries, trying to introduce new currency for international trade, and pledged a tough tariff on it. The release of personal consumption expenditures (PCE) inflated takes in December has confirmed the stable price setting pressure, strengthening the expectation that the Federal Reserve (Fed) will maintain a cautious approach to policy adjustment.
Daily Digest Market Mover: US dollar company for traders to monitor trade and inflationata
- The U.S. dollar is stable this weekend, waiting for tariffs in Canada and Mexico this weekend.
- President Trump has warned 100 % of the BRICS countries when trying to create an alternative global currency.
- At the forefront of the data, PCE inflation in December increased 0.2 % mom, but Core PCE increased by 0.3 % according to expectations.
- The Chicago PMI in January came to 39.5. The expected 40.0 was slightly lacked, but improved from 36.9 in December.
- In December, US personal income increased by 0.4 %, but personal expenditures increased by 0.5 % to continue consumer resilience.
- Regarding the FRB expectations, the CME Fedwatch tool predicts the 80 % probability that the Fed will maintain the current policy rates in March.
- Atlanta Fed's GDPNOW model today has released the first quarter growth estimation, and the US Treasury yields will increase, and the yield for 10 years has returned to about 4.50 %.
- Despite the concerns of tariffs, US stock futures are positive open and the risk apit is the same.
DXY technical outlook: dollar holds profits, but faces important resistance
The US dollar index exceeds 108.00, approaching 108.35, approaching the weekly high. The exercise index suggests a mixture outlook for the relative strength index (RSI) around 50 and a red bar with a moving average convergence (MACD), reflecting cautious emotions.
When DXY extends recovery, the resistance is nearly 108.50, but the downside support is around 107.80. Despite its bullish momentum, the development of unexpected tariffs on weekends can cause fresh volatility and form a short -term US -dollar trajectory.
Customs FAQ
Customs duties are duties imposed in the import of specific products or categories of products. Customs duties are designed to support local producers and manufacturers more competitive in the market by providing price advantage rather than similar products that can be imported. Customs duties are widely used as a protective tool, along with trade barriers and import assignments.
Both tariffs and taxes generate government income to provide funds to public goods and services, but there are several distinctions. Customs duties are paid in advance at the immigration port, but taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, and customs duties are paid by importers.
There are two ways of thinking about the use of tariffs. Some claim that tariffs are needed to protect domestic industries and deal with trade imbalance, but others may raise them over the long term, and THE-TAT tariffs. Some believe that encouraging it is a harmful tool that can damage the trade war.
In the preparation for the presidential election in November 2024, Donald Trump stated that he would use tariffs to support the US economy and US producers. In 2024, Mexico, China and Canada accounted for 42 % of the US imported products. According to the US Census, Mexico was $ 466.6 billion and was outstanding as a top export country. Therefore, Trump wants to concentrate on these three countries when imposing tariffs. He also plans to reduce the personal income tax using the profit generated through customs duties.
