US Dollar stays subdued near 89.50

The index extends the decline to lows in the mid-89.00s.
US 10-year yields rebounded from lows in sub-2.80% zone.
US Durable Goods Orders came in stronger in February.

Pablo Piovano FXStreet

The US Dollar Index remains unable to pick up some pace at the end of the week and keeps orbiting around the 89.50/40 area, or weekly lows.

US Dollar in 4-week lows

The greenback is suffering the increasing risk aversion in the global markets as investors remain concerned over the likeliness of a global trade war. These jitters have been exacerbated after President Trump announced on Thursday $60 billion tariffs on US imports from China.

Latest news on the matter cites Chinese Ambassador to the US saying the country is ready to increase its purchases from the US, stressing at the same time that China is still trying to avoid a trade war.

In the meantime, DXY stays firm on the way to close the first week in the negative territory after two consecutive declines, falling into the prevailing consolidative scheme playing since late February.

On the data front, US Durable Goods Orders surprised to the upside in February, while New Home Sales disappointed expectations during the same period.

US Dollar relevant levels

As of writing the index is down 0.36% at 89.51 facing the next support at 89.41 (low Mar.22) seconded by 89.07 (low Jan.26) and then 88.25 (2018 low Feb.16). On the other hand, a break above 89.89 (10-day sma) would aim for 90.44 (high Mar.20) would and finally 90.57 (high Feb.8).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

GBP/USD struggles as traders evaluate BoE policy, UK political developments

GBP/USD steadies after three days of losses, trading around 1.3430 during the Asian hours on Tuesday. After recently surging toward two-month highs near 1.3550, the pair has moderated as foreign exchange traders evaluate shifting monetary policies between the Bank of England and the US Federal Reserve alongside political developments in the United Kingdom.

EUR/USD bears retain control below 200-SMA on H4; break of 1.1400 awaited

The EUR/USD pair is seen consolidating during the Asian session on Tuesday and trading just above the 1.1400 mark, or a four-day low touched the previous day. Market participants seem hesitant and keenly await the highly-anticipated European Central Bank meeting on Thursday before positioning for the next leg of a directional move.

Gold rises cautiously as Fed hike bets, US‑Iran tensions cap gains

Gold regains positive traction following the previous day's two-way price moves, though it struggles to capitalize on the move and trades below the $4,050 level during the Asian session on Tuesday. Despite a cycle of tit-for-tat strikes between the US and Iran, US Secretary of State Marco Rubio said on Sunday that the US was still open to holding talks with Iran, keeping hopes alive for a potential diplomatic resolution to the conflict.

Grayscale eyes Worldcoin ETF launch following S-1 filing

Grayscale filed an S-1 registration statement with the US Securities and Exchange Commission on Monday to launch a Grayscale Worldcoin ETF. The proposed fund, which would trade on Nasdaq under the ticker GWLD, is designed to give investors exposure to Worldcoin through a traditional brokerage account, eliminating the need to buy the token directly.

Here's where the Canadian Dollar is headed next: 4 bearish scenarios and a bullish one

The Canadian Dollar (CAD) has ridden a volatile first half of the year, with Oil prices surging and then falling as markets danced to the Middle East’s tune. Neither the Bank of Canada nor the Federal Reserve has changed rates so far this year, and the USD/CAD's next move may depend on which of the two banks fails to deliver what markets expect.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.