The dollar retreated as Treasury yields fell amid concerns about the US economy losing momentum and rising political uncertainty under Trump, and the dollar is hovering near four-month lows near the levels of 103.45.
The Trump administration is trying to multiply the idea of short-term economic pain for long-term gains, which led to a significant decline in yields, especially US 10-year Treasury bond yields, which fell about 3 points, and therefore this puts pressure on the US dollar.
It is worth noting that President Donald Trump on Sunday refused to rule out a recession, instead describing the current economic phase as a transition period.
Today, the markets will be watching the survey of vacancies and labor turnover in the United States, as weak data would exacerbate the current tension over the decline in economic momentum.
This week, investors are closely watching the most important data represented by the Consumer Price Index and producer price index data on Wednesday and Thursday, respectively, to get new insights into inflation before the Federal Open Market Committee meeting next week, specifically on March 19, where the Fed will reveal its economic forecasts and the US interest rate decision.
