The dollar has recovered slightly this week on signs that President Donald Trump is pulling back tariffs, but the currency remains at risk of renewed falls, Swissquote Bank analyst Ipek Ozkardeskaya said in a note.
The U.S. economy is in a worse place compared with the U.K. and euro zone, with sharply deteriorating growth and rising inflation expectations, she said. Trump unveiled plans to soften the impact of automotive tariffs Tuesday. Commerce Secretary Howard Lutnick also told CNBC the U.S. had reached its first trade deal with an unnamed country. Treasury Secretary Scott Bessent said the U.S. was making progress on trade agreements with India, South Korea and Japan.
The DXY dollar index rose 0.1% to 99.3020.
