The US Dollar showed signs of stabilization, supported by positive economic indicators, including an ISM Services PMI of 51.6 and rising Treasury yields. However, inflation concerns lingered, with the prices paid subindex climbing to its highest level in two years. Amid general uncertainty, the Federal Reserve's upcoming decisions will be critical, as both the robust job market and inflationary pressures could influence interest rate strategies. US-China trade relations also pose challenges, potentially limiting further US dollar appreciation.
April's ISM Services PMI rose to 51.6, beating expectations and signalling resilience in the US services sector.
US-China tariff dynamics remain unresolved, and while the Trump administration has expressed openness to new trade deals, concrete progress is lacking.
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