The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is currently flat to marginally lower after paring back earlier gains at 104.40 at the time of writing on Thursday. The DXY edged higher overnight on the back of tariff comments from United States (US) President Donald Trump.
An additional 25% levy on all auto imports was issued to come into effect on April 3 and countries such as Canada and the European Union were threatened with more tariffs if they look to team up in their response to the US.
On the economic data front, all eyes shifted towards the US Gross Domestic Product (GDP) release.The third reading for the fourth quarter did not bring much news to the table. Nervousness will now build towards the US Personal Consumption Expenditures (PCE) data due on Friday.
Source: FXStreet
