From Yahoo Finance: 2025-05-08 21:35:00

The dollar is poised for a weekly gain against major currencies after a U.S.-UK trade deal boosted optimism for upcoming U.S.-China talks. Markets are focused on negotiations starting in Switzerland. Trump announced a trade deal maintaining a 10% tariff on British goods but reducing duties on vehicle imports. Dollar is set for a fourth week of gains against the Swiss franc but down slightly. The euro is looking at a third straight week of losses against the dollar. The U.S. currency is on track for a third consecutive week of gains against the Japanese yen. Sterling is up after a U.S.-UK trade deal announcement. Central bank decisions varied this week, with the Federal Reserve keeping rates steady and the Bank of England cutting rates. The dollar weakened against Asian currencies but gained against the offshore Chinese yuan. Bitcoin climbed back above $100,000, indicating renewed risk appetite in markets.



Read more at Yahoo Finance: Dollar set for weekly gain amid US trade deal optimism