The US dollar experienced notable volatility over the past week, influenced primarily by shifts in US-China trade relations and comments from former President Donald Trump. Initially, the dollar showed a strong rebound, with major currencies such as the Swiss Franc, Danish Krone, Euro, and Japanese Yen weakening after being overbought. However, the dollar then opened lower, falling below 940 Mexican pesos amid Trump's softened rhetoric on China and the Federal Reserve. Throughout the day, the dollar's decline moderated and eventually reversed, trading back above 940 pesos. On the following day, the dollar weakened again, dropping below 940 pesos as China denied ongoing tariff negotiations with the US, fueling uncertainty about the progress of trade talks. The currency fell nearly 10 pesos during the session before closing lower. Concerns over the US-China tension and the prospects for easing trade conflicts continued to influence the dollar's performance. By the end of the week, after a series of mixed signals from Trump, the US dollar drifted higher, recovering from its earlier losses amid ongoing market volatility.
Dollar drifts higher at end of volatile week of Trump backflips Read 👇 https://t.co/PMrdomnzuM #Dollar #DonaldTrump
NY外為市場=ドル下落、米中緊張緩和の進展巡る懸念再燃 https://t.co/c2Ykazp3i2 https://t.co/c2Ykazp3i2
US dollar drifts higher at end of volatile week of Trump backflips https://t.co/rm1s28wDz1 via @Reuters https://t.co/Ec6XbXwkJO