Dollar Struggles Amid Trade Policy Uncertainty
The US dollar index declined slightly to approximately 100.9 on Thursday, as it continued to face downward pressure amid ongoing trade-related uncertainties, even after a slight easing in tensions. The dollar showed notable weakness against several Asian currencies, including the South Korean won. This movement is largely driven by speculation that Washington is pushing for a weaker dollar in the context of ongoing trade discussions. The Trump administration has contended that the strong dollar, compared to weaker regional currencies, places US exporters at a competitive disadvantage. Furthermore, the dollar's recent strength, driven by optimism over potential reductions in US-China tariffs, has begun to wane as market attention returns to evaluating the broader economic impacts of US trade policy. Moving forward, investors are focused on US retail sales and producer inflation data, expected Thursday, to gain new insights into consumer demand and inflationary trends.
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