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The US Dollar starts to bounce ahead of the US trading session on Tuesday after hitting a three-year low on Monday.  Markets will want to see if the Fed speakers this Tuesday will defend their Chairman. The US Dollar Index stuck sub 100.00 marker as Trump intensifies attacks on Fed Chair Jerome Powell.   The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is bouncing off a three-year low ahead of the US trading session. Markets got caught by surprise as the US Dollar took a hit during Asian trading hours while European and US markets were trading on limited capacity due to the Easter Monday bank holiday. United States President Donald Trump has shifted his focus now to the Federal Reserve (Fed) and lashed out at its Chairman Jerome Powell, calling him “a major loser” for not lowering interest rates while looking at ways to get rid of the Chairman, putting further downward pressure on the Greenback.  On the economic calendar front, all eyes are on the leading Purchasing Managers Index (PMI) preliminary data for April on Wednesday and the Durable Goods orders on Thursday. For this Tuesday, a slew of Fed speakers are lined up to speak, while the less-important Richmond Fed Manufacturing data for April will also be published.  In US equity markets, the focus will be on the Tesla (TSLA) earnings call after the US closing bell, when CEO Elon Musk could announce his departure date from the Department of Government Efficiency (DOGE). Daily digest market movers: The end of Musk at DOGE? At 13:30 GMT, Patrick Harker, President of the Federal Reserve Bank of Philadelphia, participates in a seminar on economic development at the University of Pennsylvania, focusing on regional growth and financial inclusion. At 14:00 GMT,…

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Filed under: News - @ April 22, 2025 1:27 pm