FOREX TradingCharts.com

Forex News: U.S. Dollar Falls On U.S. Tariff Uncertainty

U.S. Dollar Falls On U.S. Tariff Uncertainty

07/04/2025 - 08:09:00 (RTTNews)

(RTTNews) - The U.S. dollar weakened against other major currencies in the European session on Friday, as the unpredictable economic policies of U.S. President Donald Trump and the decline in trust in the Federal Reserve, led to the downturn of USD.

Investors make cautious moves ahead of the upcoming U.S. reciprocal tariff headline.

U.S. President Donald Trump's announcement that his administration will begin issuing forma letters on trade matters has raised concerns that the U.S. government will impose tariffs effective next week.

Trump said late Thursday that he "will begin sending letters on trade tariffs starting Friday."

"We're probably going to be sending some letters out, starting probably tomorrow, maybe 10 a day to various countries saying what they're going to pay to do business with the U.S.," Trump said.

Additionally, the demand for the USD as a safe haven has decreased since the House of Representatives approved Trump's "Big Beautiful Bill." Trump's hallmark tax measure is predicted by economists to add $3-3.5 trillion to the nation's already soaring debt over the course of the next ten years. A situation that will raise the economy's budgetary vulnerabilities.

In the European trading today, the U.S. dollar fell to a 2-day low of 1.3682 against the pound, from an early high of 1.3645. The greenback may test support near the 1.38 region.

Against the euro, the yen and the Swiss franc, the greenback dropped to 1.1786, 144.18 and 0.7922 from early highs of 1.1756, 144.79 and 0.7951, respectively. If the greenback extends its downtrend, it is likely to find support around 1.19 against the euro, 142.00 against the yen and 0.77 against the franc.

The greenback edged down to 1.3567 against the Canadian dollar, from an early high of 1.3596. On the downside, 1.33 is seen as the next support level for the greenback.

Looking ahead, Canada S&P Global PMI for June is set to be published in the New York session.

U.S. markets remain closed today in observance of Independence Day holiday.

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


U.S. Dollar Firms On Easing Trade Tensions (06 hr(s), 06 min(s), 06 sec(s) ago)
(RTTNews) - The U.S. dollar advanced against its major counterparts in the New York session on Fri ...Full Story»

Pound Falls As U.K. Retail Sales Rise Less-than-expected (16 hr(s), 33 min(s), 06 sec(s) ago)
(RTTNews) - The British pound weakened against most major currencies in the European session on Fr ...Full Story»

Pound Falls Against Majors (16 hr(s), 48 min(s), 05 sec(s) ago)
(RTTNews) - The British pound weakened against most major currencies in the European session on Fr ...Full Story»

Yen Falls As Tokyo CPI Inflation Slows (17 hr(s), 0 min(s),06 sec(s) ago)
(RTTNews) - The safe-haven Japanese yen weakened against other major currencies in the Asian sessi ...Full Story»

Commodity Currencies Slide As Traders Remain Cautious (19 hr(s), 12 min(s), 06 sec(s) ago)
(RTTNews) - The commodity currencies such as Australia, the New Zealand and the Canadian dollars w ...Full Story»

Yen Falls Against Majors (19 hr(s), 42 min(s), 06 sec(s) ago)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Frida ...Full Story»

Canadian Dollar Slides Against Most Majors (19 hr(s), 48 min(s), 06 sec(s) ago)
(RTTNews) - The Canadian dollar weakened against most major currencies in the Asian session on Fri ...Full Story»

NZ Dollar Slides Against Most Majors (19 hr(s), 51 min(s), 05 sec(s) ago)
(RTTNews) - The New Zealand weakened against most major currencies in the Asian session on Friday. ...Full Story»

Search

FOREX NEWS

U.S. Dollar Firms On Easing Trade Tensions

07/25/2025 - 17:20 PM (RTTNews)
(RTTNews) - The U.S. dollar advanced against its major counterparts in the New York session on Fri ...Full Story>>

Pound Falls As U.K. Retail Sales Rise Less-than-expected

07/25/2025 - 06:51 AM (RTTNews)
(RTTNews) - The British pound weakened against most major currencies in the European session on Fr ...Full Story>>

Pound Falls Against Majors

07/25/2025 - 06:36 AM (RTTNews)
(RTTNews) - The British pound weakened against most major currencies in the European session on Fr ...Full Story>>

Yen Falls As Tokyo CPI Inflation Slows

07/25/2025 - 06:26 AM (RTTNews)
(RTTNews) - The safe-haven Japanese yen weakened against other major currencies in the Asian sessi ...Full Story>>

Commodity Currencies Slide As Traders Remain Cautious

07/25/2025 - 04:13 AM (RTTNews)
(RTTNews) - The commodity currencies such as Australia, the New Zealand and the Canadian dollars w ...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.