#PowellRemarks The dollar's recent decline paused as investors consider new U. S. trade news and comments from Federal Reserve Chair Jerome Powell. President Donald Trump announced "big progress" in trade talks with Japan, and reports suggest China is willing to negotiate.

Powell noted that tariffs may drive up inflation and emphasized the Fed's role in maintaining stable inflation expectations. Despite the ongoing negative sentiment towards the U. S. dollar, it may experience a temporary pause in its downward trend.

The dollar index rose 0. 3% to 99. 6810. Concerns are growing about a major financial breakdown due to Trump's tariffs, affecting both traditional and cryptocurrency markets. Powell is scheduled to speak about inflation and job prospects at 1:30 p. m. EDT.