The recent dollar sell-off paused as investors weighed in on the latest U.S. trade developments and comments from Federal Reserve Chairperson Jerome Powell. Trump said there had been "significant progress" in trade talks with Japan. Powell warned that tariffs could lead to higher inflation and said the Fed's obligation was to keep long-term inflation expectations "good and stable."
Michael Brown, strategist at Pepperstone, said the dollar still faced further falls because of the persistence of a "general US sell-off", but a sharp drop in the dollar's value over a short period of time could "pause the downside".
Market analysis: Hawkish Powell stops the decline of the US index and "sells the United States" atmosphere still exists
2025-04-17 07:03:03
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