US dollar weakens despite tariff exemptions, Euro strengthens on positive economic indicators.

From Investing.com: 2025-03-06 05:35:00

The White House announced tariff exemptions for Canada and Mexico, leading to a weaker dollar. The soft ADP jobs report added to concerns, showing only 77k jobs added in February. Wall Street rebounded, with all major indices gaining over 1%, while WTI triggered buy orders below $67. The Euro extended its rally ahead of the ECB decision, climbing to a four-month high against the US dollar after Germany’s debt verdict. Traders are now focused on the ECB meeting, expecting another 25bps rate cut and future easing signals. Oil prices tumbled below $67 but rebounded after the tariff delay news.



Read more at Investing.com: US Dollar Falls Further Despite Tariff Exemptions, Euro Soars