The greenback hovered near a three-year low hit last week as investors remained confused by US President Donald Trump's constant changes in tariff policy.

After a tumultuous week that left the dollar under heavy pressure, currency markets are calmer, although confidence in the greenback and US assets remains fragile.

“Policy uncertainty and eroding confidence are driving capital out of the dollar, slowly but steadily,” said Kieran Williams from InTouch Capital Markets.

Against the Japanese yen, the dollar rose 0.06 percent to 143.15 yen per dollar, but remained close to a six-month low of 142.05 yen per dollar it hit last Friday.

The euro edged down 0.06 percent to $1.1344, after hitting a three-year peak of $1.1474 last week on capital flows into Europe amid a crisis of confidence in the dollar.

The dollar rose 0.22% against the Swiss franc to 0.8167 francs per dollar, but has fallen nearly 8% this month, heading for its worst month against the franc since December 2008, after hitting a decade low of 0.81405 francs per dollar last week.

Over the weekend, Donald Trump exempted smartphones and other electronics from tariffs, providing some support for the dollar, but his comments suggested the exemption may be temporary. The repeated imposition and postponement of tariffs has created confusion and increased global uncertainty.

“The recent tax relaxation has eased investor concerns, weakening the US dollar’s ​​safe-haven status,” said expert Kieran Williams.

The British pound rose 0.02% to $1.3193/GBP.

The Australian dollar rose 0.28% to $0.6346.

The New Zealand dollar rose 1.43% to $0.5807.

The yield on the benchmark 10-year US Treasury note was steady at 4.354%, after falling 13 basis points from the previous session, but last week it rose 50 basis points - the biggest weekly gain in more than 20 years, reflecting doubts about the safe-haven status of US bonds.

“Last week, the market witnessed deleveraging and reallocation of assets from the US. Meanwhile, the market seems calmer this week thanks to dovish comments from Fed officials,” said Prashant Newnaha, an expert at TD Securities.

Fed Governor Christopher Waller on Monday called the tariffs a “big shock,” and suggested cutting interest rates to prevent a recession, despite high inflation.

The market predicts that the US Federal Reserve (Fed) will cut interest rates by a total of 86 basis points this year.

The offshore yuan (CNY) is not updated specifically, but last week hit a record low (7.2941 CNY/USD), reflecting the tension from the 145% tariff with China.

Global financial markets remain sensitive to tariff uncertainty, with the euro, yen and Swiss franc holding their ground on safe-haven flows, while the dollar is struggling to make a sustained recovery. The dollar could remain near its lows if sentiment does not improve, with the euro potentially hitting $1.20 if Europe maintains its safe-haven status.

Source: https://thoibaonganhang.vn/sang-154-ty-gia-trung-tam-tang-5-dong-162787.html