The U.S. dollar appeared on track for its fourth consecutive weekly decline on Thursday, as ongoing tariff tensions continued to push investors away from U.S. assets. However, it managed to rebound slightly from a seven-month low against the yen, with U.S.-Japan trade talks notably avoiding any focus on currency issues.
The dollar has been under pressure as Washington’s cycle of tariff threats, implementations, and postponements has shaken investor confidence in the U.S. economy’s growth prospects and overall stability.