The dollar rises near two-week highs
The US dollar index rose on Friday for the third day in a row, hovering around 104.00 levels near two-week highs.
Hopes for expansionary policies under Trump have faded, replaced by concern that the global trade war he initiated could lead to an economic recession in the United States.
The Fed also kept interest rates steady on Wednesday, and they signaled two quarter-percentage-point cuts later this year, the same as the average forecast three months ago.
Fed Governor Jerome Powell said that we will not rush to take any hasty action, as the Fed Chairman downplayed concerns about the inflationary impact of President Donald Trump's tariffs, calling them temporary, but reiterated that the central bank is in no hurry to cut interest rates further.
A new round of reciprocal tariffs is expected to be imposed on April 2.
