BTCUSDT 🔴U.S. President Donald Trump signed a tariff agreement on China, raising the previous 10% import tariff to 20%. Additionally, Trump stated that the 25% tariff on goods from Mexico and Canada will take effect on Tuesday, with no room for further negotiation.
💸 The US Dollar came under renewed selling pressure, setting aside three daily advances in a row and returning to the 106.50 region amid a mixed tone in US yields.
🛢️ WTI dropped markedly and broke below the $68.00 mark per barrel to hit new YTD lows after the OPEC+ confirmed it will proceed with supply hikes
DXY US Dollar ekes out more losses with Europe united on Ukraine The US Dollar dives on Monday with European leaders willing to guarantee a peace deal in Ukraine. US manufacturing data with the ISM and S&P Global PMI did not move the needle much. The US Dollar Index (DXY) sees Friday's gains evaporate and sprint back lower.
BTCUSD Are you all watching the DXY ? It pumped on Thursday with the tariff talk and is dumping like the pump of Trump's tweet and dump we are now experiencing with crypto market. Sun 23 on DXY gives us same dip we see on BTC on Fri 28. Just something I noticed but it feels we are walking in the DXY shadow a bit.
DXY Trumps tariff fears imposed on Mexico and Canada will urge them to meet his demands and they will put tariffs on China 🇨🇳 and protect the borders to fulfill Trumps wishes. I think this will cause the dollar to fall
BTCUSDT U.S. Republican senators are pushing to remove two federal regulations involving digital assets, including IRS reporting requirements for decentralized finance and new rules from the Consumer Financial Protection Bureau for providing payment applications and digital wallets.