0636 GMT - The dollar trades steady as investors weigh the latest U.S. tariff developments and look ahead to the Federal Reserve's next interest rate decision. President Trump on Sunday announced a 100% tariff on all foreign movies. This represents a "notable escalation in the trade saga" that was previously confined to goods but appears to be broadening to include services, Pepperstone strategist Michael Brown says in a note. Meanwhile, the Fed will likely emphasize growing risks to the economic outlook at Wednesday's meeting, he says. It could also note the increasing likelihood of its dual mandate of maximum employment and stable prices coming into conflict while reiterating a "wait and see approach." The DXY dollar index trades flat at 99.8040. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 06, 2025 02:36 ET (06:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。