Dollar Strengthens Amid Fed's Hawkish Stance and Tariff Concerns
TL;DR Summary
Global markets showed mixed results as U.S. stocks fell following hawkish comments from Fed Chair Jerome Powell, which dampened hopes for an interest rate cut. The Dow, S&P 500, and Nasdaq all declined, while the U.S. dollar strengthened, impacting commodities like oil and gold. In Asia, Japan's Nikkei and China's markets fell, while Australia's ASX rose. European markets were mixed amid weak UK growth data and higher French inflation. Oil prices dropped due to concerns over Chinese demand and fewer expected U.S. rate cuts.
- Asia And Europe Markets Mixed; Fed's Hawkish Comments Boost Dollar - Global Markets Today While US Slept Benzinga
- Why the Dollar Keeps Getting Stronger The New York Times
- Dollar hits six-month high as Trump tariff talk fuels inflation fears Financial Times
- US dollar and bitcoin advance spurred by Trump tariff expectations Reuters
- The Dollar Reaches a Potential Inflection Point LPL Financial
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