{"id":21259,"date":"2025-04-30T09:16:04","date_gmt":"2025-04-30T09:16:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=21259"},"modified":"2025-04-30T09:16:04","modified_gmt":"2025-04-30T09:16:04","slug":"dollar-steadies-as-tariff-reversal-bets-rise","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/dollar-steadies-as-tariff-reversal-bets-rise\/","title":{"rendered":"Dollar Steadies as Tariff Reversal Bets Rise"},"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><strong>USDX trades at 99.18<\/strong>, consolidating gains before U.S. economic releases.<\/li>\n\n\n\n<li><strong>Commerzbank warns<\/strong> weak data may increase pressure on Trump to reverse tariffs.<\/li>\n\n\n\n<li><strong>ADP payrolls and Q1 GDP<\/strong> reports due later today.<\/li>\n\n\n\n<li>Market sentiment remains cautious amid trade uncertainty and political reversals.<\/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 index (USDX) held steady around the <strong>99.18<\/strong> level on Tuesday, showing resilience in the face of mounting expectations that weak economic data could force a shift in trade policy. The index posted a <strong>daily high of 99.221<\/strong> before retreating slightly in later trade.<\/p>\n\n\n\n<p>According to a note from <strong>Commerzbank\u2019s Thu Lan Nguyen<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/white-house-amazon-tariff-price-announcement-is-hostile-2025-04-29\/\">disappointing U.S. figures<\/a> may prompt the White House to scale back tariffs further. President <strong><a href=\"https:\/\/www.reuters.com\/business\/lutnick-says-us-has-reached-trade-deal-with-country-he-cannot-name-yet-2025-04-29\/\">Donald Trump has already shown signs of flexibility<\/a><\/strong>, temporarily pausing several reciprocal tariffs following market sell-offs earlier this quarter.<\/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\">What&#39;s in Trump&#39;s move to ease US automotive tariffs <a href=\"https:\/\/t.co\/QReXxf3G0b\">https:\/\/t.co\/QReXxf3G0b<\/a> <a href=\"https:\/\/t.co\/QReXxf3G0b\">https:\/\/t.co\/QReXxf3G0b<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1917456427318227321?ref_src=twsrc%5Etfw\">April 30, 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\">Technical Analysis<\/h2>\n\n\n\n<p><strong>The U.S. Dollar Index (USDX)<\/strong> is staging a moderate recovery after bouncing off the <strong>98.644<\/strong> support level. The price has now climbed to <strong>99.181<\/strong>, testing resistance around the <strong>99.226<\/strong> area. Short-term <strong>moving averages (5, 10, 30)<\/strong> have begun to slope upward and show a <strong>bullish alignment<\/strong>, suggesting momentum is tilting in favor of buyers.<\/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-49-1024x455.jpg\" alt=\"\" class=\"wp-image-21260\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Dollar regains traction above 99.00 as bullish momentum firms, testing key resistance near 99.23, 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> confirms this shift, with a <strong>bullish crossover<\/strong> and a growing positive histogram. While the rally remains modest, continued strength above the <strong>99.00<\/strong> psychological level could pave the way for a retest of the <strong>99.45\u201399.50<\/strong> region.<\/p>\n\n\n\n<p><strong>Short-term bias has flipped bullish<\/strong>, but watch for consolidation if price stalls at the resistance band.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Looking Ahead<\/h2>\n\n\n\n<p>Traders expect these figures to provide insight into whether economic conditions could deteriorate fast enough to provoke a <strong><a href=\"https:\/\/t.co\/tSPrJNJRco\">more dovish stance<\/a><\/strong><strong> from the administration<\/strong> or the Federal Reserve. A sharp miss on either front may lend credence to the theory that <strong>Trump could walk back some of his trade policies<\/strong> to cushion the economy and appease markets.<\/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","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar index (USDX) holds ground with markets watching closely for signs of weakness in upcoming GDP and jobs data. &#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-21259","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\/21259","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=21259"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/21259\/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=21259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=21259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=21259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}