24.03.202501:55:04UTC+00Dollar Steady as Markets Weigh Trump Tariffs

The US dollar index maintained its position above the 104 mark on Monday, as investors awaited further insights into President Donald Trump’s trade strategies leading up to the April 2 deadline for implementing reciprocal tariffs. Trump hinted last Friday at potential "flexibility" within the plan, and weekend reports suggested that the tariffs might be more limited in their application, possibly exempting certain industries. The dollar has been under pressure for much of the year due to concerns that tariffs could dampen US economic growth. Nonetheless, the dollar experienced a rebound last week after the Federal Reserve emphasized there is no immediate urgency to further reduce interest rates, even though it indicated two potential rate cuts later this year. In relation to major currencies, the dollar remained stable against the euro, the British pound, and the New Zealand dollar, while showing strength against the Japanese yen and the Chinese yuan. However, it saw a decline against the Australian dollar.