Prior to PCE reporting, the dollar is liable for tariff uncertainty
The dollar has gone lower as investors remained cautious ahead of US tariff uncertainty and key US economic data.
President Trump announced a 25% tariff on automobile imports on Wednesday, and plans to impose retaliatory tariffs on US trading partners on April 2.
There are indications that investors are increasingly concerned about weaker US growth due to tariffs or the prospect of higher inflation in the station area, Deutsche Bank analysts said in a memo.