The dollar index held steady on Wednesday
The dollar index held steady on Wednesday, trading sideways this week as investors awaited President Donald Trump’s latest tariff announcement, which he dubbed “Liberation Data.” The White House confirmed that reciprocal tariffs on nations imposing duties on US goods would take effect immediately. However, Treasury Secretary Scott Bessent stated that the tariffs would act as a “cap,” allowing countries to take steps to reduce them. Meanwhile, data on Tuesday showed US factory activity contracted in March for the first time this year, with prices rising for a second consecutive month, reflecting the impact of tariffs. Job openings declined in February, but layoffs remained low, signaling a gradually cooling labor market. Investors now turn their attention to the ADP employment report on Wednesday and nonfarm payrolls on Friday for further insights into Federal Reserve policy.
Source: trading Economi