{"id":18258,"date":"2025-04-18T07:43:58","date_gmt":"2025-04-18T07:43:58","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=18258"},"modified":"2025-04-18T07:43:58","modified_gmt":"2025-04-18T07:43:58","slug":"us-dollar-holds-near-multi-year-lows-amid-mixed-signals","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/us-dollar-holds-near-multi-year-lows-amid-mixed-signals\/","title":{"rendered":"US Dollar Holds Near Multi-Year Lows Amid Mixed Signals"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Highlights:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDX edges up 0.12% to 99.149 after testing a session low of 98.904.<\/li>\n\n\n\n<li>Trump floats potential tariff reductions but escalates Fed criticism, creating policy uncertainty.<\/li>\n\n\n\n<li>Thin Good Friday trading volumes curb price swings.<\/li>\n<\/ul>\n\n\n\n<p>The US dollar traded in a narrow range on Friday, settling at 99.15 as holiday-thinned markets limited activity. Despite the modest rebound, the greenback remains near three-year lows amid persistent concerns over trade policies and central bank direction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Trade Hopes Clash With Fed Tensions<\/strong><\/h2>\n\n\n\n<p>President Trump unexpectedly suggested <a href=\"https:\/\/finance.yahoo.com\/news\/live\/trump-tariffs-live-updates-trump-reluctant-to-escalate-china-tariffs-says-going-to-make-a-deal-191201037.html\" target=\"_blank\" rel=\"noopener\" title=\"\">a possible easing of China tariffs<\/a>, hinting at both pausing new duties and rolling back existing ones, a move that could bolster risk appetite in coming sessions.<\/p>\n\n\n\n<p>However, his renewed <a href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-fed-chair-powells-termination-cant-come-fast-enough-2025-04-17\/\" target=\"_blank\" rel=\"noopener\" title=\"\">attacks on Fed Chair Jerome Powell<\/a> dampened optimism. Trump accused Powell of being &#8220;too slow&#8221; to cut rates and doubled down on calls for his replacement, contradicting the Fed&#8217;s data-dependent stance. Markets now anticipate 86bps of rate cuts in 2025.<\/p>\n\n\n\n<p>While<a href=\"https:\/\/www.reuters.com\/markets\/us\/us-weekly-jobless-claims-fall-labor-market-remains-stable-2025-04-17\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> a drop in US jobless claims<\/a> to a two-month low offered the dollar brief support, Trump&#8217;s conflicting signals on trade and monetary policy have left traders hesitant, preventing sustained recovery from multi-year lows.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Technical Perspective<\/strong><\/h2>\n\n\n\n<p>The USDX 15-minute chart shows choppy consolidation after bouncing off 98.904 support. The index remains trapped between resistance at 99.50 and support above 98.90, reflecting indecision.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/USDX-18-April.jpeg\" alt=\"\" class=\"wp-image-18260\" style=\"width:1100px\" \/><figcaption class=\"wp-element-caption\">Picture: Dollar bulls struggle to regain ground above 99.20, as seen on the VT Markets app<\/figcaption><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong>Key observations:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MACD (12,26,9):<\/strong>\u00a0Bullish momentum fades as histogram nears zero; bearish crossover suggests potential support retest.<\/li>\n\n\n\n<li><strong>Price Action:<\/strong>\u00a0Failure to hold above the 30-period MA reinforces near-term weakness.<\/li>\n<\/ul>\n\n\n\n<p><strong>Levels to Watch<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Upside Break:<\/strong>\u00a0A clear move above 99.50 could signal bullish continuation.<\/li>\n\n\n\n<li><strong>Downside Risk:<\/strong>\u00a0Breaching 98.90 may accelerate declines toward 98.50.<\/li>\n<\/ul>\n\n\n\n<p>With catalysts lacking, range-bound trading may persist until fresh data or Fed commentary provides direction.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarketsmy.com\/trade-now\/?utm_source=org&amp;utm_medium=analysis&amp;utm_campaign=usdx_19_apr&amp;utm_content=eng&amp;retailleadsource=organic_na_na\" target=\"_blank\" rel=\"noopener\" title=\"\">Open a Live VT Markets Account Today<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights: The US dollar traded in a narrow range on Friday, settling at 99.15 as holiday-thinned markets limited activity. Despite the modest rebound, the greenback remains near three-year lows amid persistent concerns over trade policies and central bank direction. Trade Hopes Clash With Fed Tensions President Trump unexpectedly suggested a possible easing of China tariffs, <a href=\"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/us-dollar-holds-near-multi-year-lows-amid-mixed-signals\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":92,"featured_media":47979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-18258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/18258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=18258"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/18258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/47979"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=18258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=18258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=18258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}