Dollar Gains From Strong Data
According to Michael Pfister, a Deutsche Bank analyst, better-than-expected U.S. jobs figures have led markets to reduce expectations for Fed rate cuts, keeping the dollar at elevated levels.
Trump's Comments Introduce Uncertainty
However, President Trump has urged the Fed to cut rates even further, contradicting conventional economic thinking. His remarks have limited the dollar's potential gains and created uncertainty about future policy moves.
Outlook Remains Volatile
While the dollar remains resilient, the divergence between policymakers and the administration could lead to increased volatility. Analysts suggest that if the Fed adopts a more accommodative stance, the dollar may face downward pressure.