Reuters expects April's US employment rate to slow sharply due to Donald Trump's policies

This week will be full of US economic data. The dollar, which has suffered significant losses recently, is being supported by this fact. Market participants hope to get a more accurate assessment of Donald Trump's trade policy impact on the American economy. According to Reuters, a particular interest will be paid to the employment rate.

Despite some rise on Monday, the dollar has lost more than 4% against the euro and the yen in April. This drop was caused by the new president's unpredictable decisions on import tariffs. The issue of US-China trade cooperation is the most acute. The world's leading economies have set duties against each other that exceed 100%, Reuters notes.

On Friday, the US employment report for April will be published. According to the news agency, market participants expect a sharp slowdown in the indicator's growth. In addition, statistics on the US GDP for the first quarter and the personal consumption expenditures (PCE) index, a key inflation gauge for the Fed, will be presented this week.