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Optimism is the line of egrets that are straight up to the blue sky, optimism is the thousands of white sails beside the sunken boat, optimism is the lush grass that blows with the wind on the head of the parrot island, optimism is the falling red spots that turn into spring mud to protect the flowers.
Hello everyone, today XM Forex will bring you "[XM Group]: The US dollar tests the low point, tariff uncertainty brings pressure on the US dollar." Hope it will be helpful to you! The original content is as follows:
XM Foreign Exchange APP News--During the European session on Monday (May 26), the US dollar index (DXY) maintained a decline in the trading trend, trading around 98.99, and fiscal concerns and credit rating downgrades suppressed market sentiment. As the United States closed for the Memorial Day holiday today, the trading volume was light. The fiscal deficit and Moody's rating downgrade put pressure on the dollar The dollar faces resistance due to growing concerns about the United States' deficit. According to the U.S. Congressional Budget Office, the Trump-backed tax reform bill could increase the deficit by $3.8 billion. U.S. Senator Ron Johnson warned that the $2.2 trillion deficit was "completely unacceptable" and said it would boycott the bill without cutting spending. Moody's downgraded the U.S. credit rating from Aaa to Aa1, citing rising debt costs and increased welfare spending. The agency expects federal debt to rise from 98% of GDP in 2023 to 134% of GDP by 2035, and the deficit will expand to nearly 9% of GDP. Tariffs and Fed uncertainty weaken the dollar. Federal Reserve officials remain cautious, mentioning trade uncertainty and stagflation risks. Upcoming economic data and tariff updates will be key to the next move of the US dollar. Technical analysis (
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