US Dollar weakens amid growth concerns, uncertainty over tariffs, and struggling equities

From Investing.com: 2025-03-10 06:08:00

The dollar is struggling due to growth concerns, losing almost 4.5% against the euro last week. Fed Chair Powell remains cautious, focusing on economic momentum and inflation outlook amidst tariffs. The aluminum and steel tariff deadline is nearing, with uncertainty about exemptions. US equities are down, possibly due to Trump’s strategy to disrupt markets and influence Fed rate cuts. Eurozone faces challenges despite strong euro performance. Oil prices try to stabilize above key levels, while cryptocurrencies struggle to rally, with Bitcoin hovering around $2,900 and Ethereum around $2,000.



Read more at Investing.com: US Dollar Seeks Direction Amidst Mixed Newsflow