#MarketRebound The U.S. dollar's recent rebound lost momentum on Thursday as markets reacted to President Trump's softened stance on trade and his decision not to dismiss Federal Reserve Chair Jerome Powell. After dipping below 140 yen earlier in the week, the dollar recovered to 143.25 yen. Treasury Secretary Scott Bessent's remarks, indicating no specific currency target and openness to adjusting tariffs with China, provided additional support to the greenback. Despite these developments, analysts caution that short-term downside risks for the dollar persist amid ongoing trade uncertainties. [1]
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.