US Dollar Remains Strong as Fed’s Hawkish Stance Caps Downside Risks
The US dollar stands firm around the 104.30 mark as mixed PMI data and tariff risks keep downside pressures at bay. Investors now focus on upcoming PCE inflation data, which will be crucial for the Fed’s rate outlook. This environment suggests that traders should remain attentive to economic indicators that could affect the US Dollar’s performance against other currencies such as GBP/USD and EUR/USD.