The US dollar remained stable against major currencies on Friday due to low trading volumes caused by the Good Friday holiday. The dollar is currently near its 3-year lows.
- The dollar held steady against major currencies.
- Low trading volumes due to the Good Friday holiday limited movement.
- The dollar is near 3-year lows.
- Concerns about tariffs and policy uncertainty under Trump have pressured the dollar.
- Market sentiment showed signs of stabilization.
- The US held trade talks with Japan and Italy.
- Trump indicated a possible de-escalation of trade tensions with China.
- Trump criticized Fed Chair Powell and suggested his removal.
- Powell said the Fed is cautiously monitoring the impact of tariffs.
- Jobless claims fell to a 2-month low.
The described economic environment presents a mixed outlook for the dollar. While a strong labor market and potential de-escalation of trade tensions could provide support, concerns about tariffs, policy uncertainty, and criticism of the Federal Reserve create downward pressure. Market participants will likely be watching trade negotiations and Fed policy decisions closely for future direction.