The dollar rises slightly, but it is heading for a significant monthly loss

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The dollar rises slightly, but it is heading for a significant monthly loss

Peter Neris

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Peter Neris

Published 30/04/2025, 11:13

The dollar rises slightly, but it is heading for a significant monthly loss

© Reuters.

Euro US Dollar

-0.25%

British Pound US Dollar

-0.20%

US Dollar Japanese Yen

1.03%

US Dollar Chinese Yuan

0.00%

DX

0.50%

DXc1

0.54%

Investing.com — The US dollar rose slightly on Wednesday, but it is still on track to record its weakest month in over two years, affected by the uncertainty stemming from the Trump administration's volatile trade policies.

At 11:10 AM Saudi time, the dollar index, which tracks the performance of the US currency against a basket of six other currencies, rose by 0.1% to 99.080, but remained close to its three-year low touched last week.

The index has fallen by 4.6% this month, marking its weakest performance since November 2022.

The dollar is affected by tariffs and economic data

The US dollar rose slightly on Wednesday, with sentiment improving thanks to the White House's move to mitigate the impact of tariffs on cars imposed by President Donald Trump.