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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Aihua Ava Foreign Exchange Market Analysis]: The US dollar tests the low point, tariff uncertainty brings pressure to the US dollar." Hope it will be helpful to you! The original content is as follows:
Ihua Foreign Exchange APP News--During the European session on Monday (May 26), the US dollar index (DXY) maintained a decline in the trading session, trading around 98.99, and fiscal concerns and credit rating downgrades suppressed market sentiment. The market is closed during the anniversary holiday of the United States, and the trading volume is light. The fiscal deficit and Moody's rating downgrade put pressure on the dollar The dollar faces resistance due to growing concerns about the United States' deficit. According to the U.S. Congressional Budget Office, the Trump-backed tax reform bill could increase the deficit by $3.8 billion. U.S. Senator Ron Johnson warned that the $2.2 trillion deficit was "completely unacceptable" and said it would boycott the bill without cutting spending. Moody's downgraded the U.S. credit rating from Aaa to Aa1, citing rising debt costs and increased welfare spending. The agency expects federal debt to rise from 98% of GDP in 2023 to 134% of GDP by 2035, and the deficit will expand to nearly 9% of GDP. Tariffs and Fed uncertainty weaken the dollar. Federal Reserve officials remain cautious, mentioning trade uncertainty and stagflation risks. Upcoming economic data and tariff updates will be key to the next move of the US dollar. Technical analysis (
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