|

US Commerce Secretary Lutnick: Trade deal with EU is durable

United States (US) Commerce Secretary Howard Lutnick said during European trading hours on Wednesday that the trade deal between the European Union and Washington is long-lasting.

Additional remarks

EU-US trade deal is very durable.

We are doing a study on drones and robots from China.

Market reaction

There seems to be no meaningful impact of Lutnick's comments on the US Dollar, as they offer no breakthrough on the US-EU trade outlook. As of writing, the US Dollar Index (DXY) is off from intraday highs after giving back early gains, trades marginally higher around 98.60.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.04%0.13%-0.16%-0.03%-0.23%-0.27%0.11%
EUR-0.04%0.09%-0.19%-0.07%-0.27%-0.31%0.07%
GBP-0.13%-0.09%-0.30%-0.16%-0.36%-0.40%-0.02%
JPY0.16%0.19%0.30%0.12%-0.07%-0.12%0.26%
CAD0.03%0.07%0.16%-0.12%-0.20%-0.24%0.14%
AUD0.23%0.27%0.36%0.07%0.20%-0.04%0.34%
NZD0.27%0.31%0.40%0.12%0.24%0.04%0.38%
CHF-0.11%-0.07%0.02%-0.26%-0.14%-0.34%-0.38%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick 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 (base)/JPY (quote).

Author

Sagar Dua

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

More from Sagar Dua
Share:

Editor's Picks

AUD/USD stabilizes near 0.7100 as the post-Fed USD rally pauses

AUD/USD consolidates the previous day's losses near 0.7100 in the Asian session on Thursday as the US Dollar pauses its hawkish Fed-inspired rally to its highest level since late July. However, RBA rate-hike bets and hopes for US-Iran diplomatic efforts lift risk sentiment and support the risk-sensitive Australian Dollar and the major.

USD/JPY reverses a dip below 156.00 as focus shifts to BoJ

USD/JPY is reversing a brief dip below 156.00 in the Asian session on Thursday, looking to snap a three-day winning streak to a nearly two-week top set the previous day. The US Dollar pauses following the post-Fed rally to seven-week highs, while a more hawkish repricing of the BoJ's policy normalization path supports the Japanese Yen. This keeps the pair's upside limited, with the focus now shifting to the BoJ policy decision due on Friday.

Gold bounces but not out of the woods yet

Gold is facing fresh sellers above $4,300 early Thursday, stalling its recovery from six-week lows of $4,235 reached soon after hawkish US Federal Reserve monetary policy announcements.

Bitcoin, crypto market see muted activity following FOMC rate hike

Bitcoin traded above $76,000 on Wednesday as the Federal Reserve raised its benchmark interest rate by 25 basis points, bringing the federal funds target range to 3.75%-4.00%. The unanimous 12-0 decision marked the Fed’s first rate hike since July 2023.

The Fed rate hike: What happens now?
The dust has settled on tonight’s Fed meeting and the market reaction is clear: the Fed’s signal that there could be a series of rate hikes has spooked financial markets. Bonds sold off at the short end of the Treasury curve and US stocks also fell, led by the Dow Jones Industrial Average, which slipped more than 1% on Wednesday night.
How Japan became the World's Banker and why that era may be ending

Japan's ultra-low interest rates helped finance trillions of dollars in global investments for more than a decade, making the Japanese Yen one of the world’s cheapest sources of funding. With the Bank of Japan expected to tighten policy again this week, that advantage may be entering a new phase. While most major economies raised interest rates, Japan remained the world's outlier.