24/4/2025, 1:13:03 pm

Dollar rally fades as investors shrug off Trump U-turns

The U.S. dollar eased after President Trump softened his stance on China and the Federal Reserve, with Treasury Secretary Bessent noting no specific currency target. The dollar rebounded from a 3-1/2 year low against the euro but faced pressure as the euro rose 0.5% to $1.1368. Experts warn the dollar may weaken further amid trade tensions and investor caution.