FOREX TradingCharts.com

Forex News: U.S. Dollar Rises Amid Hopes On U.S.-China Trade

U.S. Dollar Rises Amid Hopes On U.S.-China Trade Deal

05/01/2025 - 04:27:00 (RTTNews)

(RTTNews) - The U.S. dollar strengthened against other major currencies in the Asian session on Thursday, amid optimism that the world trade war will soon ease.

Sentiment was raised by President Trump's confidence over trade agreements with China, Japan, and South Korea.

The U.S. President Trump expressed optimism about a possible trade deal with China, stating there is a "very good probability we'll reach a deal."

In the early European session, the U.S. dollar rose to more than a 2-week high of 1.1288 against the euro and nearly a 3-week high of 144.54 against the yen, from yesterday's closing quotes of 1.1322 and 143.02, respectively. If the greenback extends its uptrend, it is likely to find resistance around 1.08 against the euro and 149.00 against the yen.

Against the pound and the Swiss franc, the greenback advanced to a 6-day high of 1.3279 and a 3-day high of 0.8288 from Wednesday's closing quotes of 1.3321 and 0.8261, respectively. On the upside, 1.30 against the pound and 0.86 against the franc are seen as the next resistance levels for the greenback.

Looking ahead, the Bank of England's U.K. mortgage approvals data March and U.K. S&P Global final factory PMI data for April are slated for release in the European session.

In the New York session, U.S. weekly jobless claims data, U.S. and Canada PMI data for April and U.S. construction spending data for March are slated for release.

Most of the major markets are closed for Labor 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


Euro Retreats Against Majors (05 hr(s), 30 min(s), 25 sec(s) ago)
(RTTNews) - The euro retreated against its major counterparts in the New York session on Monday. ...Full Story»

Dollar Index Extends Gains On Trade Deal Optimism (13 hr(s), 48 min(s), 26 sec(s) ago)
(RTTNews) - Rising optimism surrounding trade deals between the U.S. and its trading partners, and ...Full Story»

U.S. Dollar Higher On Trade Hopes (05 hr(s), 54 min(s), 26 sec(s) ago)
(RTTNews) - The U.S. dollar appreciated against its major counterparts in the New York session on ...Full Story»

Antipodean Currencies Recovers Amid U.S.-China Trade Deal Optimism (15 hr(s), 39 min(s), 26 sec(s) ago)
(RTTNews) - The Antipodean currencies such as the Australia and the New Zealand recovered from rec ...Full Story»

Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets (16 hr(s), 45 min(s), 26 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against other major currencies in the Asian session on F ...Full Story»

NZ Dollar Rebounds Against Majors (18 hr(s), 03 min(s), 26 sec(s) ago)
(RTTNews) - The New Zealand dollar rebounded from recent lows against other major currencies in th ...Full Story»

Australian Dollar Recovers Against Majors (18 hr(s), 24 min(s), 26 sec(s) ago)
(RTTNews) - The Australian dollar recovered from recent lows against other major currencies in the ...Full Story»

Yen Rises Against Majors (18 hr(s), 36 min(s), 26 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against other major currencies in the Asian session on F ...Full Story»

Search

FOREX NEWS

Euro Retreats Against Majors

05/19/2025 - 15:54 PM (RTTNews)
(RTTNews) - The euro retreated against its major counterparts in the New York session on Monday. ...Full Story>>

Dollar Index Extends Gains On Trade Deal Optimism

05/19/2025 - 07:38 AM (RTTNews)
(RTTNews) - Rising optimism surrounding trade deals between the U.S. and its trading partners, and ...Full Story>>

U.S. Dollar Higher On Trade Hopes

05/16/2025 - 15:31 PM (RTTNews)
(RTTNews) - The U.S. dollar appreciated against its major counterparts in the New York session on ...Full Story>>

Antipodean Currencies Recovers Amid U.S.-China Trade Deal Optimism

05/16/2025 - 05:46 AM (RTTNews)
(RTTNews) - The Antipodean currencies such as the Australia and the New Zealand recovered from rec ...Full Story>>

Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

05/16/2025 - 04:40 AM (RTTNews)
(RTTNews) - The Japanese yen strengthened against other major currencies in the Asian session on F ...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.