The U.S. Dollar experienced a resurgence on Thursday, despite fluctuating risk sentiment. Market participants also focused on renewed tensions between President Trump and Federal Reserve Chairman Powell, following Trump’s calls for interest rate reductions and his reiteration of potential removal of Powell. These remarks followed Powell’s reaffirmation of the Fed’s independence in a prior address. Looking ahead to Friday, April 18th, the U.S. Dollar Index (DXY) registered gains on Thursday, while remaining near three-year lows. Federal Reserve Bank of San Francisco President Mary Daly is scheduled to speak amidst reduced global market activity due to Good Friday. In contrast to other risk-sensitive currencies, EUR/USD declined despite briefly exceeding 1.1400. The European Commission (EC) is scheduled to release its preliminary Consumer Confidence indicator on April 22nd.
