Minneapolis Federal Reserve (Fed) President Neel Kashkari said in his speech in Tokyo early Monday that “uncertainty is top of the mind for Fed, US businesses.”
Additional quotes
In waiting to observe mode.
Tariffs shock is stagflationary.
Extended tariffs raise risk of stagflation.
Question now is scale of stagflation.
Market reaction
The US Dollar Index (DXY) is on a tepid rebound, still down 0.30% on the day at 98.82, as of writing.
US Dollar PRICE Last 7 days
The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.95% | -2.16% | -1.94% | -1.96% | -1.78% | -2.24% | -1.94% | |
| EUR | 1.95% | -0.24% | 0.07% | 0.05% | 0.30% | -0.24% | 0.02% | |
| GBP | 2.16% | 0.24% | 0.00% | 0.29% | 0.54% | 0.00% | 0.26% | |
| JPY | 1.94% | -0.07% | 0.00% | -0.02% | 0.33% | -0.11% | 0.05% | |
| CAD | 1.96% | -0.05% | -0.29% | 0.02% | 0.20% | -0.29% | -0.03% | |
| AUD | 1.78% | -0.30% | -0.54% | -0.33% | -0.20% | -0.53% | -0.27% | |
| NZD | 2.24% | 0.24% | -0.00% | 0.11% | 0.29% | 0.53% | 0.26% | |
| CHF | 1.94% | -0.02% | -0.26% | -0.05% | 0.03% | 0.27% | -0.26% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Source: https://www.fxstreet.com/news/feds-kashkari-uncertainty-is-top-of-the-mind-for-fed-us-businesses-202505260320