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Dollar losses extend amid U.S. policy uncertainty
2025-07-01 10:26

Odaily News The dollar fell to its lowest level since February 2022 due to uncertainty over U.S. trade and fiscal policy. The reciprocal tariffs suspended by U.S. President Trump are due to end on July 9. Meanwhile, the U.S. Senate is holding a marathon vote on Trump's tax and spending bill. Investors have become more cautious ahead of the release of key U.S. job market data this week. These data include the JOLTs job vacancies data, which will be released on Tuesday, and the non-farm payrolls report on Thursday. Commerzbank analyst Volkmar Baur said in a report that data that is far below expectations will increase the likelihood of a rate cut by the Federal Reserve in July and could further weaken the dollar. (Jinshi)