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The US Dollar goes nowhere, paring back earlier gains after Bessent’s comments at the White House.   The Trump administration labels Amazon as hostile after the company decided to communicate tariff impact on its products. The US Dollar Index is still capped below the 100.00 round level, trading near 99.40 on Tuesday.  The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is having a knee jerk reaction on the back of comments from United States (US) Treasury Secretary Scott Bessent and White House Press Secretary Karoline Leavitt. During a Q&A at the White House Leavitt stepped in to take over from Bessent on a question around Amazon, that will publish the tariff impact on prices from goods it is selling on its website. Representative Leavitt said she just got off the phone with President Donald Trump and that this move by Amazon is considered hostile and is political motivated, Bloomberg Television reported. Meanwhile markets already got disappointed by Secretary Bessent as apparently no trade deals are to be announced, and will take several more weeks before done. On the economic calendar front, there is some lighter data ahead on Tuesday, with the central theme on the JOLTS Job Openings report for March. Although this is backward-looking, before US tariffs were implemented, it could already give a sentiment if US companies were preparing for an impact and reduced their job hiring activity. Besides that, the preliminary US Goods Trade Balance for March saw a further deterioration of its deficit.  Daily digest market movers: JOLTS miss, Confidence dips Sentiment tanked during the White House press conference where both Bessent and Leavitt spoke to reports. The main shocker came after Leavitt said that she just got off the phone with President Trump and that…

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Filed under: News - @ April 29, 2025 7:25 pm