The US dollar stabilized after experiencing three consecutive days of losses, following the announcement of a trade agreement with Japan. President Trump confirmed a 15% tariff on Japanese exports and secured significant investment for US goods. While this agreement eased some market concerns ahead of the August 1 deadline for finalizing trade terms, uncertainty about the extension of tariff truces persists. Investor sentiment is cautious, influenced by political pressure on the Federal Reserve and upcoming US economic data that could impact the dollar's trajectory.
The US dollar steadied after three days of losses, as markets assessed the newly announced trade agreement with Japan, which involves a 15% tariff on exports.
President Trump secured a USD 550 billion investment pledge and broader access for US goods, contributing to improved sentiment in the markets.
Despite offering relief, concerns remain regarding the looming August 1 deadline for trade terms with other countries, as well as the uncertainty surrounding tariff truce extensions.
Investors await Thursday's key US data on PMI preliminary figures and jobless claims, which could significantly influence US economic momentum and the dollar's strength.
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