- The US dollar index faces pressure after Moody’s reduced the American credit rating by one notch.
- Moody’s now projects US federal debt to hit approximately 134% of GDP by 2035, from 98% in 2023.
- US Finance Minister Bessnt noted that Trump plans to save tariffs on business partners who failed in negotiations on “good faith”.
US dollar index (DXY), who follows the US dollar (USD) against a basket of six main currencies, withdraws his recent profits from the previous session and trades around 100.40 during the Asian hours on Monday.
The US Dollr Faces Challenges As Moody’s Ratings Has Dowladed the US Credit Rating from AAA to AA1, Aligning With Previous Downgrads by Fitch Ratings in 2023 and Standard & Poor’s in 2011. by 2035, UP from 98% in 2023. The Federal deficit is projeded to widen to nearly 9% of GDP, Fueled by increasing debt service, increased expenses and declining tax revenues.
Greenback, however, received support from renewed optimism for 90 -day trade ceasefires in the US and the expectations of other trade agreements with other nations. Meanwhile, US Treasury Minister Scott Bessnt said on Sunday CNN that President Donald Trump was planning to save tariffs at previously endangered levels on business partners who are unable to negotiate in “good faith”.
Economic data published last week showed signs of inflation release, with both s Consumer price index (CPI) and the Price Price Index (PPI), which indicates the slowing of price pressures. These numbers increased the expectations that Federal reserve It could further reduce interest rates in 2025 and add down on the greenback. In addition, weak data on retail sales in the US have strengthened concerns about the long -term period of fat economic growth.
The price of a dollar US today
The table below shows the percentage change in the US dollar (USD) against the main currencies. The US dollar was the weakest against the euro.
| USD | Eur | GBP | Jy | CAD | Auditorium | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.74% | -0.63% | -0.35% | -0,17% | -0.35% | -0.27% | -0,40% | |
| Eur | 0.74% | -0,14% | 0.20% | 0.40% | 0.29% | 0.30% | 0.13% | |
| GBP | 0.63% | 0.14% | 0.04% | 0.55% | 0.43% | 0.44% | 0.26% | |
| Jy | 0.35% | -0.20% | -0.04% | 0.20% | 0.18% | 0.29% | 0.02% | |
| CAD | 0.17% | -0,40% | -0.55% | -0.20% | -0,17% | -0.10% | -0.28% | |
| Auditorium | 0.35% | -0.29% | -0.43% | -0.18% | 0.17% | 0.00% | -0,16% | |
| NZD | 0.27% | -0.30% | -0.44% | -0.29% | 0.10% | -0.01% | -0.18% | |
| CHF | 0.40% | -0,13% | -0.26% | -0.02% | 0.28% | 0.16% | 0.18% |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is selected from the left column, while the currency of the menu is selected from the upper row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change displayed in the box will represent USD (basic)/JPY (quote).
