Dollar heads for quarterly loss on concerns over US import tariffs

The dollar is currently heading for a steady week, while losing ground in quarterly terms. Lingering concerns about import tariffs slowing the American economy pushed down US yields and the currency, according to Reuters.

The euro, hovering just below $1.08, notched its biggest quarterly gain in more than a year, rising more than 4% since the beginning of 2025 due to a weaker dollar and a jump in German yields, the agency says.

Later on Friday, the US will get February figures for the personal consumption expenditures price index. The monthly reading of less than 0.3% may put downward pressure on the dollar and interest rates of the Federal Reserve, Reuters notes.

The decline in the US currency over the past few months has confounded market expectations for its growth under US President Donald Trump's tariff policies. Traders are unsure how to react to changes in global trade relations, the agency reports.