The U.S. dollar experienced a decline on Thursday, following a brief rebound the previous day after Donald Trump announced a 90-day pause on certain tariffs. The market is also anticipating a slowdown in inflation in the United States for March.
In the morning trading session, the greenback weakened by 1.07% against the euro, bringing it to $1.1067. It also fell by 1.80% against the Swiss franc and by 1.27% compared to the Japanese yen, both of which are regarded as safe-haven currencies.
On Wednesday, in a surprising shift, Donald Trump revealed plans to temporarily reduce tariffs imposed on several countries to 10%, with the exception of China.
Analysts have pointed out that while the risks of recession in the United States may have diminished, they remain significantly higher than they were prior to Trump’s presidency.
