The US dollar has experienced volatility amid ongoing concerns about the US-China trade standoff and uncertainty over US tariff policies. After initially steadying, the dollar broadly declined ahead of key US economic data releases. The currency struggled to regain ground as trade tensions persisted, contributing to its retreat. In contrast, China has intensified efforts to promote the global use of the yuan, capitalizing on the dollar's weakness. This dynamic has contributed to the dollar being on track for its largest two-month decline in over two decades. Market participants are closely watching upcoming US economic indicators and potential tariff relief measures that could influence the dollar's trajectory.