The US dollar index remained firm above 104 on Monday as investors awaited further clarity on President Donald Trump's trade policies ahead of the April 2 deadline for his reciprocal tariffs.
Trump suggested on Friday that there could be "flexibility" in the plan, while weekend reports indicated that the tariffs may be narrower in scope, potentially sparing some industries. The dollar has faced pressure for much of the year, as tariffs are expected to weigh on US economic growth.
However, it rebounded last week after the Federal Reserve reaffirmed that it is in no rush to cut interest rates further, despite signaling two rate reductions later this year. Against major currencies, the dollar held steady versus the euro, sterling, and kiwi, while strengthening against the yen and yuan. However, the greenback weakened against the Australian dollar.
Source : Trading Economics
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