Overview

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The U.S. dollar failed to gain traction on Thursday despite another inflation report showing stronger-than-expected producer prices. Forex markets today: The U.S. dollar is struggling to gain traction in the charts and opened the day's trade in the negative territory. EUR/USD lost about 0.4% on Wednesday and snapped a three-day winning streak. The pair struggles to gain traction and trades below 1.0900 to begin the European Forex news today: the EUR/USD currency pair is currently facing significant challenges in gaining traction, primarily due to ongoing tariff threats from the United States. US Dollar was the weakest against the New Zealand Dollar. The heat map shows percentage changes of major currencies against each other. The base currency is Following another volatile day on Wednesday, markets remain cautious on Thursday and the US Dollar (USD) struggles to hold its ground. The US economic calendar Here is what you need to know on Tuesday, May 28: The US Dollar (USD) is having a hard time finding demand early Tuesday after weakening modestly against its Following a quiet European session, EUR/USD stretched higher in the American trading hours on Monday and ended the day in positive territory. The pair holds its ground early Tuesday and This is what you need to know to trade today Tuesday June 28: The dollar index consolidates the previous day's rebound around 104.00 at the start of the European

Forex Today: US Dollar Struggles to Gain Traction

The U.S. dollar failed to gain traction on Thursday despite another inflation report showing stronger-than-expected producer prices. Following another volatile day on Wednesday, markets remain cautious on Thursday and the US Dollar (USD) struggles to hold its ground. In forex markets today, the U.S. dollar is struggling to gain traction in the charts and opened the day's trade in the negative territory.

Why is the US Dollar Weak?

Several factors are contributing to the dollar's current struggles. The US economic calendar remains a key focus. Here is what you need to know on Tuesday, May 28: The US Dollar (USD) is having a hard time finding demand early Tuesday after weakening modestly against it. Ongoing uncertainty in the global economy is also playing a role. This is what you need to know to trade today Tuesday June 28: The dollar index consolidates the previous day's rebound around 104.00 at the start of the European session, highlighting the lack of decisive direction.

EUR/USD Analysis

The EUR/USD currency pair is currently facing significant challenges in gaining traction, primarily due to ongoing tariff threats from the United States. EUR/USD lost about 0.4% on Wednesday and snapped a three-day winning streak. The pair struggles to gain traction and trades below 1.0900 to begin the European session. Following a quiet European session, EUR/USD stretched higher in the American trading hours on Monday and ended the day in positive territory. The pair holds its ground early Tuesday and awaits further catalysts.

Currency Heatmap and Relative Strength

The US Dollar was the weakest against the New Zealand Dollar. The heat map shows percentage changes of major currencies against each other. The base currency is being compared against the others, providing a visual representation of relative strength.

Forex News Today: Key Takeaways

  • The US Dollar is under pressure and struggling to find consistent buying interest.
  • Inflation data is providing mixed signals, failing to significantly boost the dollar.
  • EUR/USD remains volatile and sensitive to news regarding trade and monetary policy.
  • Monitor the US economic calendar for potential catalysts that could influence the dollar's direction.

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