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US dollar fluctuates amid uncertainty over Trump tariffs
The US dollar is trading in a narrow range after an initial weekly decline as investors await developments in trade negotiations between the US and other major economies, Reuters reports.
Treasury Secretary Scott Bessent stressed that quality trade agreements take precedence over speed, leaving open the possibility of extending deadlines for implementing import tariffs.
Meanwhile, market concerns persist about Federal Reserve independence following President Trump's repeated criticism of Chair Jerome Powell. Capital Economics anticipates the Fed will maintain current interest rates through 2026, which could bolster the greenback.
The dollar index edged up to 97.882 after Monday's 0.6% decline, according to the report.
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