The US dollar stabilized against a basket of major currencies on Friday, as trading activity remained weak with most global markets closed for the Good Friday holiday.
The decline in trading volumes kept the US dollar in neutral trading close to its 3-year lows.
The US dollar came under pressure amid concerns about the economic repercussions of tariffs and growing policy uncertainty under Trump, despite the US holding trade talks with key partners such as Japan and Italy.
President Trump also noted the possibility of calming trade tensions with China, stressing that he does not want to increase tariffs further, but may even consider reducing them at some point.
Trump also criticized Fed Chairman Powell for slowly lowering interest rates, after Powell stated that the Fed is carefully monitoring the impact of tariffs before taking any action.
