According to Jin Ten Data, despite a slight easing of concerns about a U.S. economic recession, the dollar still struggled to hold ground on Monday. Investors are waiting for further clarity on U.S. trade policy.
The U.S. March employment report is robust, providing support for the dollar, reducing the likelihood of a Federal Reserve rate cut in June, and making this week's policy meeting more likely to lean hawkish. Michael Feroli, Chief U.S. Economist at JPMorgan, stated that the employment report indicates the Federal Reserve will remain on hold this week, with a higher threshold for a June rate cut.
In times of high uncertainty, dual tasks face dual risks, and the Federal Reserve Committee is likely to prefer patience until the outlook becomes clearer.