The Dollar remained within narrow ranges on Wednesday as investors awaited a series of US economic reports that could influence the Federal Reserve’s interest rate outlook, a factor seen as more impactful for currencies than ongoing global geopolitical tensions.
The US Dollar inched up on Wednesday, recovering from a nearly week-long low after Federal Reserve Chair Jerome Powell expressed caution over further easing, even as markets still anticipate two additional rate cuts this year.
The Dollar strengthened on Tuesday after investors reacted positively to US President Donald Trump’s decision to postpone higher tariffs on the European Union.
