US DOLLAR

Dollar Holds Decline Amid US Economic Uncertainty

The dollar index remained at a four-month low below 104 on Monday after sliding over 3% last week, pressured by mounting US economic concerns.

On Sunday, US President Donald Trump described the economy as undergoing "a period of transition" during a Fox News interview, when asked about the risk of a recession.

His remarks came as financial markets grappled with an escalating global trade war, following new US tariffs on Mexico, Canada, and China.

Meanwhile, Friday's jobs report added to the uncertainty, showing that the US economy added 151K jobs in February, slightly below forecasts of 160K.

The unemployment rate unexpectedly edged up to 4.1%, while wage growth softened to 0.3%. Investors now turn their attention to upcoming consumer sentiment and inflation data for further insights into the US economic outlook.

Source: Trading Economics

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