FOREX TradingCharts.com

Forex News: U.S. Dollar Falls Amid US-China Tensions, Soft Inflation

U.S. Dollar Falls Amid US-China Tensions, Soft Inflation Data

04/10/2025 - 15:22:00 (RTTNews)

(RTTNews) - The U.S. dollar dropped against its major counterparts in the New York session on Thursday amid rising US-China tensions and softer-than-expected inflation data for March.

Data from the Labor Department unexpectedly showed a slight decrease by consumer prices in the U.S. in the month of March.

The report said the consumer price index edged down by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected consumer prices to inch up by 0.1 percent.

Excluding food and energy prices, the core consumer price index crept up by 0.1 in March after rising by 0.2 percent in February. Core prices were expected to rise by 0.3 percent.

The report also said the annual rate of consumer price growth slowed to 2.4 in March from 2.8 percent in February. Economists had expected the pace of price growth to slow to 2.6 percent.

The annual rate of core consumer price growth also fell to 2.8 percent in March from 3.1 percent in February. Core price growth was expected to dip to 3.0 percent.

U.S.-China trade war deepened as Trump excluded the country out of the pause and even raised the tariff on Chinese goods to 125 percent.

The greenback fell to a 6-day low of 1.2995 against the pound, 13-1/2-year low of 0.8249 against the franc and near a 2-year low of 1.1241 against the euro. The currency is seen finding support around 1.31 against the pound, 0.79 against the franc and 1.14 against the euro.

The greenback dropped to a 4-1/2-month low of 1.3951 against the loonie and 6-day lows of 0.6248 against the aussie and 0.5756 against the kiwi. The currency is likely to locate support around 1.37 against the loonie, 0.65 against the aussie and 0.60 against the kiwi.

The greenback edged down to 144.00 against the yen. If the currency falls further, it is likely to test support around the 140.00 region.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


NZ Dollar Falls Amid RBNZ Rate Cut Speculations (02 hr(s), 38 min(s), 05 sec(s) ago)
(RTTNews) - The New Zealand dollar weakened against other major currencies in the Asian session on ...Full Story»

NZ Dollar Falls Against Majors (02 hr(s), 53 min(s), 05 sec(s) ago)
(RTTNews) - The New Zealand dollar weakened against other major currencies in the Asian session on ...Full Story»

Euro Falls As ECB Cuts Interest Rates Again (27 min(s), 56 sec(s) ago)
(RTTNews) - The euro declined against its most major counterparts in the New York session on Thurs ...Full Story»

Australian Dollar Falls After Australia Employment Data (02 hr(s), 32 min(s), 05 sec(s) ago)
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on ...Full Story»

Australian Dollar Falls Against Majors (02 hr(s), 56 min(s), 05 sec(s) ago)
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on ...Full Story»

Euro Rises To 5-day High Against Canadian Dollar (36 min(s), 55 sec(s) ago)
(RTTNews) - The euro advanced against the Canadian dollar in the New York session on Wednesday. ...Full Story»

Pound Drops Against Majors (06 min(s), 56 sec(s) ago)
(RTTNews) - The pound weakened against its major counterparts in the New York session on Wednesday ...Full Story»

Canadian Dollar Rises As BoC Set To Pause Interest Rate Easing Cycle (57 min(s), 55 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story»

Search

FOREX NEWS

NZ Dollar Falls Amid RBNZ Rate Cut Speculations

04/18/2025 - 03:32 AM (RTTNews)
(RTTNews) - The New Zealand dollar weakened against other major currencies in the Asian session on ...Full Story>>

NZ Dollar Falls Against Majors

04/18/2025 - 03:15 AM (RTTNews)
(RTTNews) - The New Zealand dollar weakened against other major currencies in the Asian session on ...Full Story>>

Euro Falls As ECB Cuts Interest Rates Again

04/17/2025 - 15:37 PM (RTTNews)
(RTTNews) - The euro declined against its most major counterparts in the New York session on Thurs ...Full Story>>

Australian Dollar Falls After Australia Employment Data

04/17/2025 - 03:37 AM (RTTNews)
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on ...Full Story>>

Australian Dollar Falls Against Majors

04/17/2025 - 03:12 AM (RTTNews)
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.