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USD edges firmer on the day - Scotiabank

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The USD is tracking a little higher on the day so far, reversing some of yesterday's losses, following news that President Trump will make some concessions on auto tariffs due to come into effect on May 3rd.
The U.S. dollar experienced a slight increase in value on April 29, 2025, as reported by Scotiabank. This uptick was influenced by a combination of factors including a rise in U.S. Treasury yields and positive economic data releases. The article from FXStreet highlights that the dollar's firmness is also supported by market expectations of potential Federal Reserve interest rate hikes in response to ongoing inflationary pressures. Additionally, the analysis suggests that the dollar's performance could be affected by upcoming economic indicators and geopolitical developments, which investors are closely monitoring.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/usd-edges-firmer-on-the-day-scotiabank-202504291113 ]