US dollar weakens due to trade concerns and rising deficits, Euro strengthens.

From Yahoo Finance: 2025-06-30 10:52:00

The US dollar index fell by -0.20% to a 3-1/4 year low due to trade uncertainties and rising deficits. Atlanta Fed President Bostic projects one rate cut this year and three in 2026. EUR/USD rose by +0.16% as the euro remains just below a 3-3/4 year high. German retail sales and CPI were weaker than expected, and ECB Vice President Guindos expects flat growth in the Eurozone. Swaps predict a 6% chance of an ECB rate cut. USD/JPY decreased by -0.24% due to safe-haven demand. Japan’s industrial production was weaker than expected. Gold prices rose, while silver prices fell due to a rally in the S&P 500.



Read more at Yahoo Finance: Dollar Slips on Trade Uncertainties and Threats of Soaring Deficits