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US Dollar Hits Five-Week High Amid Positive Economic Speculation
iconJul 29, 2025 17:59
Source:SMM
The US dollar index once rose to a more than five-week high amid market speculation that the release of a series of US data would further indicate economic resilience. The US dollar strengthened against all G-10 currencies. The euro's decline widened, with it once falling to the lowest level in over a month amid market concerns about the economic impact of the recently reached trade agreement between the US and Europe. The US consumer confidence index for July is expected to improve, and the JOLTS job openings data will also be released on Tuesday. The US Fed is expected to remain on hold on Wednesday, while economic growth and inflation data have reinforced the positive economic trend.
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