-482026738.png)
USDX Under Pressure as Tariff Uncertainty Deepens
The US Dollar Index (USDX) eased to 97.62, down 0.19%, as trade policy developments reintroduced volatility into currency markets. The United States has implemented a temporary 10% global tariff, with reports suggesting the levy may be increased to 15% following the Supreme Court’s rejection of earlier reciprocal tariff measures.
The evolving tariff framework has created uncertainty around inflation dynamics, global trade flows and broader growth prospects. Although higher tariffs can, in theory, support the dollar through elevated inflation and a delayed rate-cut cycle, policy unpredictability has instead tempered investor confidence and capped upside momentum.
Federal Reserve officials have reiterated that maintaining current interest rate levels remains appropriate, citing labour market resilience and persistent inflation risks. Nevertheless, futures markets continue to price in approximately three 25-basis-point cuts this year, highlighting a divergence between official guidance and market expectations. This disconnect has contributed to range-bound conditions in the Dollar Index.
Discover how tariff policy shifts, Federal Reserve positioning and key technical thresholds may influence the next phase of US Dollar Index performance in this article.
EBC Markets Briefing | "Blue Wave" poised to sweep across stock markets
Stocks sink amid AI wipeout, dollar shines ahead of NFP
US Payrolls in Focus as Wall Street Rout and Falling Yields Cap the Dollar | 6th November, 2026
Week Ahead – Inflation and geopolitics in focus as US political landscape shifts
The dollar saves the day
Tech Stocks Lead US Selloff Ahead of Payrolls
Technical Analysis – USDJPY stays rangebound, pinned at support near 158.00
