The dollar index held steady around 102.8 on Thursday after a sharp intraday rebound in the previous session, as President Trump announced a 90-day pause on reciprocal tariffs for countries that have not retaliated. The move offered key US trading partners a window for negotiations in a welcome relief amid a dimming economic outlook. Still, Trump raised tariffs on Chinese imports to 125% in response to retaliatory measures from Beijing. The EU, which has announced its own countermeasures, may also be excluded from the tariff pause. While the tariff reprieve provided short-term support for market sentiment, investors remain wary of the broader implications of Trump's economic policies—particularly their potential impact on growth and inflation. Looking ahead, markets are focused on the latest US inflation figures which could provide further clues about the Fed's policy path and the broader economic trajectory.
Source: Trading Economi
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