According to TechFlow from ShenChao, on April 29, Jin10 Data reported that although the US dollar showed an upward trend, it still struggled to achieve substantial recovery amid the unclear outlook of US tariff policies. Optimism about the US possibly reaching trade agreements with other countries slightly supported the dollar. Portfolio adjustments triggered by end-of-month capital flows may also have positive effects. However, Pepperstone strategist Michael Brown stated in the report that the US dollar still "lacks attractiveness" and that the narrative of the US exceptionalism has failed. He indicated that the dollar is the asset most affected by ongoing trade uncertainties.

According to TechFlow, on April 29, Jin10 reported that although the US dollar showed an upward trend, it still struggled to achieve substantial recovery amid the unclear prospects of US tariff policies. Optimism about the US potentially reaching trade agreements with other countries slightly supported the dollar. Portfolio adjustments triggered by end-of-month capital flows might also have positive effects. However, Pepperstone strategist Michael Brown stated in a report that the dollar remains "unattractive" and the narrative of US exceptionalism has broken down. He indicated that the dollar is the asset most affected by ongoing trade uncertainties.

Analyst: Tariff uncertainties make it difficult for the US dollar to significantly rebound