Tuesday 17/June/2025 – 07:59 PM
cut US dollar Its losses rose to the Japanese yen during trading today, Tuesday, June 17, 2025, amid a state of anticipation in the markets before the Federal Reserve meeting, and the continued concern of the escalation of conflict in the Middle East.
According to Reuters, the dollar climbed 0.25% against the yen to 145.17 yen, after the issuance of economic data indicating greater caution among American consumers, in light of the continued uncertainty about trade and inflation.
The dollar index, which measures the performance of the American currency against a basket of currencies, increased by 0.3% to 98.49, at a time when the morale of global risk remained fragile due to the continuation of the war between Iran and Israel for the fifth day.
Adam Patton, chief currency analyst in Forex Live, said: The market concentration between the war in the Middle East and commercial tensions is moving, and this makes it difficult for investors to focus on economic data, despite the importance of the Federal meeting tomorrow.
Weak data and fears of slowdown
Although US retail sales were weaker than expectations in May, consumer spending is still backed by wage growth.
Auto Xinoha, a chief investment strategy in Missiro, said: Weak retail data and reading the weakest consumer price index last week strengthening the chances of reducing interest, an invitation repeated by President Trump, calling for a reduction of 100 basis points.
But he indicated at the same time that the full effect of customs duties on inflation has not yet been clear.
Investors are awaiting what will result in the US Federal meeting tomorrow, Wednesday, amid wide expectations to keep interest rates unchanged, while the greatest focus on the central bank’s expectations for the interest track will be in the second half of the year.
