{"id":20979,"date":"2025-04-18T04:20:04","date_gmt":"2025-04-18T04:20:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20979"},"modified":"2025-04-18T04:20:04","modified_gmt":"2025-04-18T04:20:04","slug":"dollar-steadies-near-three-year-lows","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/dollar-steadies-near-three-year-lows\/","title":{"rendered":"Dollar Steadies Near Three-Year Lows"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-22-1024x559.png\" alt=\"\" class=\"wp-image-20980\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>USDX (US Dollar Index) closes at 99.149<\/strong>, marginally higher by <strong>0.12%<\/strong>, after dipping to a session low of <strong>98.904<\/strong>.<\/li>\n\n\n\n<li>Trump hints at <strong>possible tariff reduction<\/strong>, but criticises Powell for delaying rate cuts.<\/li>\n\n\n\n<li><strong>Low trading volumes<\/strong> amid global Good Friday holiday limit volatility.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The U.S. dollar traded in <strong>tight ranges on Friday<\/strong>, closing the session near <strong>99.15<\/strong> as subdued <strong>Good Friday volumes<\/strong> capped volatility. Despite holding steady on the day, the greenback remains under pressure\u2014<strong>hovering near 3-year lows<\/strong>\u2014as markets continue to weigh the economic impact of <strong>tariff tensions<\/strong> and <strong>central bank policy uncertainty<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The dollar&#39;s monopoly in payments will soon be history, writes <a href=\"https:\/\/twitter.com\/andymukherjee70?ref_src=twsrc%5Etfw\">@andymukherjee70<\/a>. The shift may start with transactions where it just greases the wheels of commerce  <a href=\"https:\/\/t.co\/BNscLSelGr\">https:\/\/t.co\/BNscLSelGr<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1912930314940305477?ref_src=twsrc%5Etfw\">April 17, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Trade Optimism and Fed Discontent Collide<\/h2>\n\n\n\n<p>President Trump surprised markets with a <strong><a href=\"https:\/\/finance.yahoo.com\/news\/live\/trump-tariffs-live-updates-china-signals-readiness-for-talks-if-us-shows-respect-amid-numbers-game-191201017.html\">softer stance on China tariffs<\/a><\/strong>, suggesting that not only will he <strong>avoid raising duties further<\/strong>, but he may even consider <strong>rolling some back<\/strong>\u2014a potential pivot that could soothe market anxiety and support risk sentiment next week.<\/p>\n\n\n\n<p>However, his <strong><a href=\"https:\/\/t.co\/HORfRVz7pP\">fresh criticism of Federal Reserve Chair Jerome Powell<\/a><\/strong> overshadowed the optimism. Trump stated Powell was \u201ctoo slow\u201d to act and \u201ccan\u2019t be removed quickly enough,\u201d escalating the pressure on the Fed just days after Powell reiterated that the central bank is <strong>\u201cmonitoring data carefully\u201d before adjusting rates<\/strong>. Markets are now pricing in about <strong>86 basis points of rate cuts<\/strong> for the remainder of 2025.<\/p>\n\n\n\n<p>A <strong><a href=\"https:\/\/www.reuters.com\/markets\/us\/us-weekly-jobless-claims-fall-labor-market-remains-stable-2025-04-17\/\">drop in U.S. jobless claims<\/a><\/strong> to a two-month low underscored a <strong>still-resilient labour market<\/strong>, offering some support to the greenback. However, <strong>persistent uncertainty around trade policy<\/strong> and <strong>renewed pressure on the Fed from Trump<\/strong> have kept traders cautious, leaving the dollar stuck near multi-year lows despite flashes of stability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The 15-minute chart of the <strong>US Dollar Index (USDX)<\/strong> shows a <strong>choppy consolidation<\/strong> phase after the index found short-term support at <strong>98.904<\/strong>. Despite multiple intraday swings, the price remains <strong>range-bound<\/strong>, with <strong>resistance near 99.50<\/strong> and <strong>support holding above 98.90<\/strong>, signaling uncertainty among dollar bulls and bears.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-22-1024x441.jpg\" alt=\"\" class=\"wp-image-20981\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Dollar bulls struggle to regain ground above 99.20, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The <strong>MACD (12,26,9)<\/strong> shows waning bullish momentum as the histogram contracts toward the zero line. The recent <strong>bearish crossover<\/strong> and fading histogram strength imply a possible retest of support, especially as the price lingers below the <strong>30-period moving average<\/strong>, capping any upside thrusts. Traders may want to watch for a <strong>break above 99.50<\/strong> for upside continuation, or a <strong>clean breach below 98.90<\/strong> to confirm renewed bearish control.<\/p>\n\n\n\n<p>A sustained move below <strong>98.90<\/strong> could reopen downside toward <strong>98.50<\/strong>, while upside resistance holds at <strong>99.50<\/strong>. The dollar is likely to remain range-bound in the short term unless next week\u2019s data or Fed communications provide a directional push.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USDX index hovers amid subdued Good Friday trade. Market eyes U.S.\u2013China tariff thaw, Powell\u2019s caution, and Trump&#8217;s latest Fed criticism. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":20980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[9],"class_list":["post-20979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-dollar"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/20979","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\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=20979"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/20979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/20980"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=20979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=20979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=20979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}