According to ChainCatcher, although the U.S. dollar is on the rise, it is still difficult to achieve a substantial recovery amid the uncertain outlook for U.S. tariff policies. Optimism that the United States may reach a trade agreement with other countries has slightly helped the dollar.
Michael Brown, a strategist at Pepperstone, said the dollar, the asset most exposed to ongoing trade uncertainty, remains “unattractive” and the U.S. exceptionalism narrative has failed.