The dollar index slipped to around 99.6 on Thursday, easing after two consecutive sessions of gains, as investors took stock of President Donald Trump's shifting stance on Chinese tariffs. The Trump administration is reportedly considering lowering tariffs on Chinese imports pending talks with Beijing, while China signaled openness to trade talks on the condition that Washington refrains from further threats. However, optimism was tempered by comments from US Treasury Secretary Scott Bessent, who clarified that Trump has not proposed any unilateral tariff cuts and that formal negotiations have yet to begin. Separately, President Trump stated earlier this week that he has no intention of dismissing Fed Chair Jerome Powell, alleviating fears of political interference in US monetary policy. The dollar weakened broadly, posting its sharpest declines against the euro, British pound, and Japanese yen.
Source: trading economi
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The...