The US dollar stabilizes with market sentiment
The US dollar index rose slightly on Tuesday, reaching levels close to the level of 99, thereby compensating for part of its losses in the previous session, despite the escalation of trade tensions and the release of economic data below expectations.
The impact of economic data and political tensions
US manufacturing activity data released on Monday showed a larger-than-expected contraction in May, reflecting the instability in the market under the Trump administration's trade policies.
Fears escalated after the US president threatened to raise tariffs on steel imports to 50%, as well as strained relations with China, which denied violating any trade agreements and threatened a strong reaction to protect its interests.
The dollar's resilience despite challenges
Despite these negative factors, the dollar rose, supported by the stability of investor sentiment, who are waiting for new economic indicators on Tuesday, including employment data, durable goods orders and factory orders.
These figures are expected to provide a clearer view on the robustness of the US economy, which may determine the trends of the greenback in the coming period.
