Description

Dol­lar on track for first monthly gain this year as US eco­nomy shrugs off tar­iffs

The dol­lar has stead­ied after the worst start to the year since 1973, as the resi­li­ence of the US eco­nomy prompts some investors to back away from bear­ish bets on the cur­rency.

The dol­lar index — a gauge of the cur­rency’s strength against major rivals — tumbled in the first half of the year as con­cerns that Don­ald Trump’s trade war would hurt growth com­bined with jit­ters over rap­idly mount­ing sov­er­eign debt.

But it has risen 1.5 per cent so far this month — put­ting it on course for its first monthly gain of 2025 — as a run of strong eco­nomic data casts doubt on the case for fur­ther interest rate cuts from the US Fed­eral Reserve. The dol­lar has clung on to those gains des­pite a brief slump fol­low­ing reports that the pres­id­ent was con­sid­er­ing sack­ing Fed chair Jay Pow­ell.

“The US eco­nomy and labour mar­ket are hold­ing up bet­ter than feared, allow­ing the Fed to keep rates on hold des­pite cri­ti­cism from the Trump admin­is­tra­tion,” said Lee Hard­man, senior cur­rency ana­lyst at MUFG. Recent fig­ures showed the US eco­nomy added 147,000 jobs last month, an unex­pec­tedly robust fig­ure that sug­gests the labour mar­ket is shrug­ging off the effect of Trump’s tar­iffs.

June’s annual infla­tion rate also topped expect­a­tions at 2.7 per cent, giv­ing fur­ther ammuni­tion to Fed poli­cy­makers who want to see fur­ther evid­ence of the impact of import levies on prices before lower­ing bor­row­ing costs.

1. shrug off

词性：动词短语
中文释义：对……不屑一顾；轻描淡写地对待；摆脱掉（不良情绪、影响）

例句：

Investors shrugged off the weak jobs report.

投资者对疲软的就业报告不以为意。

She shrugged off the criticism and focused on her goals.

她对批评毫不在意，继续专注于目标。

语气说明：轻松、强势、略带“我不care”的意味。金融语境中常形容市场“看似利空但没反应”。

词性：动词结构
中文释义：促使某人做某事；引发某人立即采取行动

例句：

The sharp decline in sales prompted the company to cut costs.

销售额骤降促使公司削减成本。

Her speech prompted many in the audience to reflect on their own lives.

她的演讲促使许多听众反思自己的人生。

语气说明：语气中性但有“直接因果”“快速反应”的感觉。比“cause”更具动作感。

词性：名词（复数，常用单数形式表示一种整体状态）
中文释义：紧张不安；焦虑；市场动荡

例句：

Global markets are experiencing pre-election jitters.

全球市场正经历大选前的不安情绪。

I always get the jitters before a big presentation.

在重要汇报前，我总是感到紧张不安。

语气说明：口语偏正式写作常见，有“神经紧绷”“气氛紧张”的感觉。金融报道中常出现。

词性：动词短语
中文释义：对……提出质疑；让人对……产生怀疑

例句：

The report casts doubt on the effectiveness of the new policy.

报告对新政策的有效性提出了质疑。

Her inconsistent statements cast doubt on her credibility.

她前后矛盾的说法令人怀疑其可信度。

语气说明：偏负面，强调“疑点”和“挑战权威”。常用于学术、政治、新闻评论中。