Friday, July 11, 2025
  • Login
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
Advertisement
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
No Result
View All Result
Home FX

Buyers Flock to US Dollar Amid Increased Focus on Trump

by bullnews
January 17, 2025
in FX
Reading Time: 2 mins read
0 0
0
Buyers Flock to US Dollar Amid Increased Focus on Trump
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter


As President-elect Donald Trump gears up to take office, there’s anticipation around a host of executive actions he might introduce, aimed at stimulating economic growth through fiscal measures, tariffs, and various stimulus initiatives. Encouragingly, the U.S. housing market remains strong, with increased permits and construction starts highlighting a stable economic outlook as we head into the new year. Meanwhile, market participants are keenly analyzing hints from Federal Reserve officials.

On Friday, the U.S. Dollar showed some stability, with the Dollar Index (DXY) hovering around the 109.00 mark, as traders look for clear direction. Comments from Fed Governor Christopher Waller indicating that a rate cut in March could still be on the table, along with other economic data, have left the market speculating in the lead-up to Trump’s inauguration.

In the daily market update, the spotlight is on a recovering USD ahead of the inauguration and signals from the Fed. Governor Christopher Waller struck a more dovish note by pointing out positive inflation trends which might justify a rate cut soon, suggesting March could be a possible timeframe if there is further evidence of moderated prices.

The nominee for Treasury Secretary, Scott Bessent, stressed the importance of maintaining the U.S. Dollar’s position as the world’s reserve currency and supporting an independent Fed. He also noted that any increase in consumer prices from tariffs might be somewhat mitigated by changes in exchange rates.

On the economic data front, building permits and housing starts surpassed expectations, and industrial production showed a notable recovery, signaling ongoing momentum in the U.S. economy. Stock markets seem cheery, with U.S. equities up more than 1% in day trading, seemingly buoyed by the new administration’s assertive policy plans.

According to the CME FedWatch Tool, there is a high probability—around 97%—that rates will remain the same at the upcoming policy meeting, as the central bank waits to interpret new economic data and shifting political landscapes.

As for the technical outlook of the DXY, the U.S. Dollar Index rebounded after a period of profit-taking, climbing above 109.20. Despite occasional selling pressure, it remains near multi-year highs thanks to supportive fundamental factors backing the Dollar’s upward trajectory. The 20-day Simple Moving Average has proven a dependable support point, consistently fending off sellers.

Though a short-term decline could occur if upcoming data or policy updates disappoint, the current technical setup suggests that buyers are likely to step in rapidly to maintain the Dollar’s momentum.

Tags: BuyersDollarFlockFocusIncreasedTrump
Previous Post

Stock Predictions for The Bank of New York Mellon Corp (BK)

Next Post

The Guardian’s Perspective on Britain-Europe Relations: Labour Needs to Take Initiative | Editorial

Similar Stories

Chart Analysis: Is GBP/CHF Poised for a Bullish Reversal?

Chart Analysis: Is GBP/CHF Poised for a Bullish Reversal?

July 10, 2025
USD/CAD Shows Positive Trend Below 1.3700; Awaits FOMC Minutes for New Cues

USD/CAD Shows Positive Trend Below 1.3700; Awaits FOMC Minutes for New Cues

July 9, 2025

Hodrick-Prescott Channel Indicator for MT4

July 8, 2025

5 Timeless Tips for Forex Trading Beginners

July 7, 2025

Newsquawk Preview: Upcoming Highlights – Trade Deadlines, FOMC Minutes, RBA, RBNZ, and Canadian Jobs Report

July 6, 2025

XAG/USD Rally Pauses Near $37.00 Amid Holiday Market Calm, Despite Bullish Signals

July 4, 2025
Next Post
The Guardian’s Perspective on Britain-Europe Relations: Labour Needs to Take Initiative | Editorial

The Guardian's Perspective on Britain-Europe Relations: Labour Needs to Take Initiative | Editorial

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

November 22, 2024
The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

November 22, 2024
How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

May 7, 2025
8 Updates to CPF in 2025

8 Updates to CPF in 2025

December 15, 2024
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

0
Don’t Let Political Turmoil Distract from the Climate Crisis

Don’t Let Political Turmoil Distract from the Climate Crisis

0
Democrats Challenge Trump Policies with Resistance Tactics

Democrats Challenge Trump Policies with Resistance Tactics

0
The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

0
US Judge Halts Trump Order Restricting Birthright Citizenship Amid New Legal Challenge

US Judge Halts Trump Order Restricting Birthright Citizenship Amid New Legal Challenge

July 10, 2025
Rumble Teams Up with MoonPay to Launch Bitcoin Wallet for Creators

Rumble Teams Up with MoonPay to Launch Bitcoin Wallet for Creators

July 10, 2025
EU Proposes Regulations for Chemically Recycled Content in Plastic Bottles

EU Proposes Regulations for Chemically Recycled Content in Plastic Bottles

July 10, 2025
Report: Trump’s Proposed Bill Reduces SNAP Benefits for Millions of Families

Report: Trump’s Proposed Bill Reduces SNAP Benefits for Millions of Families

July 10, 2025
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News

Bullnews - Your Daily Source for Financial Insights, Stock Market Trends, Investment News, Cryptocurrancy News and More!

Categories

  • Alternative Investing
  • Crypto
  • ETFs
  • FX
  • Investing
  • Opinion
  • Personal Finance
  • Retirement
  • US News
  • World News

Site Map

  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Recent News

  • US Judge Halts Trump Order Restricting Birthright Citizenship Amid New Legal Challenge
  • Rumble Teams Up with MoonPay to Launch Bitcoin Wallet for Creators
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2025 Bull News - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto

Copyright © 2025 Bull News - All Rights Reserved.