{"id":21170,"date":"2025-04-23T02:59:42","date_gmt":"2025-04-23T02:59:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=21170"},"modified":"2025-04-23T02:59:42","modified_gmt":"2025-04-23T02:59:42","slug":"usd-rebounds-as-trump-hints-at-tariff-easing","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/usd-rebounds-as-trump-hints-at-tariff-easing\/","title":{"rendered":"USD Rebounds as Trump Hints at Tariff Easing"},"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\/usd1-1024x559.png\" alt=\"\" class=\"wp-image-16968\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USD Index hits <strong>99.316<\/strong>, up from a low of <strong>97.656<\/strong>, gaining 0.81%.<\/li>\n\n\n\n<li>Trump says he has <strong>&#8220;no intention&#8221; of firing Fed Chair Powell<\/strong>, easing market anxiety.<\/li>\n\n\n\n<li>Dollar <strong>rallies 0.75% against the yen<\/strong> and <strong>0.7% vs the Swiss franc<\/strong>.<\/li>\n\n\n\n<li><strong>Hopes of reduced China tariffs<\/strong> provide additional tailwinds for the greenback.<\/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 staged a powerful rebound early Wednesday, erasing multi-day losses as traders welcomed a rare moment of clarity from Washington. <strong>President Donald Trump\u2019s public reassurance that he will not fire Fed Chair Jerome Powell<\/strong> marked a key inflection point, restoring a degree of calm to jittery currency markets.<\/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 advanced against its major peers after President Donald Trump said he had no intention of firing Federal Reserve Chairman Jerome Powell <a href=\"https:\/\/t.co\/XQeabAmS6t\">https:\/\/t.co\/XQeabAmS6t<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1914809210296033657?ref_src=twsrc%5Etfw\">April 22, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Further fuelling the rally, Trump hinted at <strong><a href=\"https:\/\/t.co\/qlWtYecTHD\">possible tariff relief in future China trade deals<\/a><\/strong>, which softened the broader risk-off mood. U.S. Treasury Secretary Scott Bessent echoed similar optimism at a private event, dampening fears of full-scale decoupling between the two superpowers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The US Dollar Index (USDX) has <strong>extended its recovery<\/strong>, rallying from the <strong>97.65 support zone<\/strong> to a fresh high of <strong>99.316<\/strong>. The price action shows a clear uptrend, with the <strong>moving averages (5, 10, 30)<\/strong> stacked bullishly and offering dynamic support throughout the session.<\/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-26-1024x443.jpg\" alt=\"\" class=\"wp-image-21171\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: USDX climbs to 99.31 before pausing; momentum cools as price tests support at 98.89, 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>However, after tagging the <strong>99.316 resistance<\/strong>, price has begun to <strong>pull back slightly<\/strong>, as seen by the small bearish candles and the <strong>MACD histogram<\/strong> starting to taper off. The MACD line remains above the signal line for now, suggesting bullish bias is still intact, but <strong>momentum may be cooling<\/strong> in the short term.<\/p>\n\n\n\n<p>If <strong>98.89 support<\/strong> (previous breakout level) holds, bulls may reload for another push toward <strong>99.50<\/strong>. A break below the 30-MA could suggest deeper retracement toward <strong>98.60<\/strong>.<\/p>\n\n\n\n<p>While the dollar has clawed back ground lost to risk aversion and policy uncertainty, its path forward will depend heavily on concrete steps in trade negotiations and consistency from the White House. <strong>If Powell\u2019s autonomy holds and tariffs trend lower, USD strength may persist into May.<\/strong><\/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?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar rallies to 99.316 as President Trump walks back Powell threats and hints at a softer stance on China tariffs. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":16968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[9],"class_list":["post-21170","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\/21170","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=21170"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/21170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/16968"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=21170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=21170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=21170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}