According to Jin Ten Data, although concerns about a recession in the U.S. economy have eased slightly, the dollar still struggled to hold its 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 Fed will remain on hold this week, with a higher threshold for a rate cut in June.
In times of high uncertainty, dual tasks face dual risks. The Federal Reserve Committee is likely to remain patient until the outlook is clearer.
