Dollar news today

Here are the latest news and updates on the US dollar:

Current Exchange Rates:

Market News:

The US dollar weakened against most major currencies on Tuesday, as investors awaited the Federal Reserve's interest rate decision later this week. The dollar index, which measures the currency's value against a basket of six major currencies, fell 0.2% to 92.45.
The euro rose 0.2% to $1.0245, while the British pound gained 0.1% to $1.2445.
The Japanese yen strengthened 0.1% to 110.45 per dollar, while the Canadian dollar rose 0.1% to $1.3355.
The US dollar has been under pressure in recent days due to concerns over the impact of the COVID-19 pandemic on the global economy and the potential for a slowdown in US economic growth.

Economic Data:

The US Commerce Department reported that the country's trade deficit widened to $48.7 billion in June, up from $46.3 billion in May. The deficit was larger than expected, and the data may weigh on the dollar.
The Federal Reserve Bank of New York reported that its Empire State manufacturing index fell to -31.3 in July, down from -17.6 in June. The index has been declining since March, indicating a contraction in the manufacturing sector.

Fed Decision:

The Federal Reserve is expected to announce its interest rate decision on Wednesday, and investors are awaiting guidance on the central bank's plans for future rate hikes.
The Fed has been raising interest rates gradually over the past year to combat inflation and support the economy, but some economists believe that the central bank may pause its rate-hiking cycle in the coming months due to concerns over the global economy.

Other News:

The US Treasury Department announced that it will auction off $24 billion in 10-year notes on Wednesday, and $16 billion in 30-year bonds on Thursday.
The International Monetary Fund (IMF) warned that the global economy is facing a growing risk of recession due to the COVID-19 pandemic and trade tensions.

I hope this information is helpful!