The US dollar could remain under pressure and is ready to close lower during the week, as markets are digesting the impact of President Donald Trump’s announcement of tariffs on convincing tariffs, Konstantinos’ note said.
As the dollar is weakening, the US Treasury continues to gather, with a 10-year yield falling below 4% for the first time in six months. “Expectations for looser monetary policy have also measured US yields,” Chrisikos said.
The DXY dollar index increased by 0.3% to 102,396, after struck a low level of 101,267 on Thursday, although it remains dropped by 1.6% a week, FactSet data show.
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