Forex Today: Risk Flows Dominate as Markets Await Key US Data
By tredu.com • 5/29/2025
Tredu
Forex Today: Risk Flows Dominate as Markets Await Key US Data
Markets are experiencing a risk-on mood in the second half of the week, driven by easing concerns over a potential US economic recession. The shift comes after a US federal court blocked President Donald Trump’s controversial "Liberation Day" tariffs, helping global sentiment recover.
Trump’s Tariffs Blocked: Risk Sentiment Rebounds
The court ruling has been perceived as a win for global trade stability, reversing some of the market fears tied to aggressive US protectionist policies. As a result, equities and risk-sensitive currencies have gained ground while safe havens like the Japanese Yen and Swiss Franc lost momentum.
US GDP, Jobless Claims, and Housing Data in Focus
Investors are now turning their attention to the US economic calendar, which features several key data releases on Thursday, May 29:
- Second estimate of Q1 GDP from the US Bureau of Economic Analysis
- Weekly Initial Jobless Claims
- April Pending Home Sales
These figures will help shape expectations around future Federal Reserve policy moves and the overall strength of the US economy.
Internal Links for Tredu.com
- Live Forex Market Overview
- What the US GDP Data Means for USD
- Trump’s Tariff Policies: Full Timeline
- Economic Calendar for This Week
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