US Dollar Rebounds from 4-Year Low

The dollar index rose to 96.4 on Wednesday after touching a four-year low of 96 earlier in the session as markets pared expectations that the US is engineering a devaluation in its currency to aid exporters.

Treasury Secretary Bessent stated that the US noted that the US is committed to a strong dollar policy and is not intervening in the currency market to strengthen the yen.

This went against earlier expectations that the US was coordinating an intervention in currency markets after the New York Federal Reserve conducted a rate check on the USDJPY on behalf of the presidential administration.

Besides sustained signals that the administration would welcome a weaker dollar to balance the trade deficit, heightened economic policy uncertainty in the US amid a series of tariff threats against major trading partners also drove foreign investors to pivot away from dollar-denominated assets.

Meanwhile, the Fed is expected to hold its funds rate in the first decision of the year.

Frankfurt’s DAX 40 reversed early gains to trade 0.1% lower at 24,870 points on Wednesday, as investors grew cautious ahead of the US Federal Reserve’s policy decision later today, seeking clues on the timing of future rate cuts.

Bayer was among the biggest decliners, falling over 3% after a recent rally, though it remains the DAX’s best-performing stock this year with a nearly 23% gain, as investors hope for a resolution to the prolonged US glyphosate litigation.

Deutsche Bank slipped nearly 2% after Der Spiegel reported police searches at its Frankfurt and Berlin offices over suspected money laundering.

Meanwhile, tech shares advanced, with Infineon up almost 3% and SAP rising 1%, supported by a strong quarterly report and an optimistic outlook from semiconductor equipment supplier ASML.

Frankfurt’s DAX 40 reversed early gains to trade 0.1% lower at 24,870 points on Wednesday, as investors grew cautious ahead of the US Federal Reserve’s policy decision later today, seeking clues on the timing of future rate cuts.

Bayer was among the biggest decliners, falling over 3% after a recent rally, though it remains the DAX’s best-performing stock this year with a nearly 23% gain, as investors hope for a resolution to the prolonged US glyphosate litigation.

Deutsche Bank slipped nearly 2% after Der Spiegel reported police searches at its Frankfurt and Berlin offices over suspected money laundering.

Meanwhile, tech shares advanced, with Infineon up almost 3% and SAP rising 1%, supported by a strong quarterly report and an optimistic outlook from semiconductor equipment supplier ASML.

Frankfurt’s DAX 40 reversed early gains to trade 0.1% lower at 24,870 points on Wednesday, as investors grew cautious ahead of the US Federal Reserve’s policy decision later today, seeking clues on the timing of future rate cuts.

Bayer was among the biggest decliners, falling over 3% after a recent rally, though it remains the DAX’s best-performing stock this year with a nearly 23% gain, as investors hope for a resolution to the prolonged US glyphosate litigation.

Deutsche Bank slipped nearly 2% after Der Spiegel reported police searches at its Frankfurt and Berlin offices over suspected money laundering.

Meanwhile, tech shares advanced, with Infineon up almost 3% and SAP rising 1%, supported by a strong quarterly report and an optimistic outlook from semiconductor equipment supplier ASML.

LuxX increased to 1963.00 Index Points, the highest since July 2008.

Over the past 4 weeks, Luxembourg Stock Exchange gained 10.08%, and in the last 12 months, it increased 42.96%.

LuxX increased to 1963.00 Index Points, the highest since July 2008.

Over the past 4 weeks, Luxembourg Stock Exchange gained 10.08%, and in the last 12 months, it increased 42.96%.