US Dollar weakens as US progresses on trade deals and Trump pushes for rate cuts.

From Investing.com: 2025-06-30 05:55:00

The dollar slid as the US made progress on trade deals, with Trump pushing for lower interest rates. S&P 500 and Nasdaq hit record highs, while gold corrected due to safe-haven outflows. The US showed positive signs on trade with China and Canada, impacting currency markets.

Trump continues to call for interest rates to be lowered to 1%, putting pressure on the Fed Chair. His tax-cut plan faces Senate scrutiny, adding to national debt concerns. Dollar dynamics are shifting with progress on trade deals, impacting tariff-related inflation fears.

Wall Street saw gains with expectations of Fed rate cuts boosting present values. Stock futures point to more record highs, driven by optimism on future growth opportunities. Gold rebounded on a weaker dollar, but remains in a bearish corrective mode amid investor appetite for risk.



Read more at Investing.com: US Dollar Slips as US Nears Trade Deals and Trump Pressures Fed for Rate Cuts