After moving passively from the beginning of the week, the US dollar finally clearly showed further depreciation in its value in trading yesterday Wednesday.
Investors are now betting on more interest rate cuts to be implemented this year than expected last year.
This follows the latest US (US) NFP employment report published at the end of last week which changed the pattern of market movement this week.
In addition, the development of global tariffs is also the focus of the market after a week of Donald Trump's tariff implementation starting again on August 1.
Most recently, Trump has again threatened to impose a 100% tariff on chip and semiconductor imports, but exempts companies in his country.
Trump's reason is to encourage product production to take place in America instead of abroad that needs to be imported.
Meanwhile, India faces additional tariffs by Trump after being warned not to continue buying oil from Russia.
India, which still wants to maintain trade relations and transactions with Russia, ignored Trump's warning that it will be subject to an additional 25% tariff, bringing the total to 50% of the new tariff, which will start on August 27.
US unemployment claims data will be the focus of the New York session tonight, which will influence the movement of the US dollar.
Investors will also pay attention to the decision of the Bank of England (BOE) policy meeting, which will be a driver for the Pound currency at the end of the week.
Interest rates are expected to be cut by 25 basis points by the BOE while the vote of MPC members will also be watched.
