Dollar Drifts As Traders Await Trump Tariff Clarity

The dollar drifted just below a three-week high versus major peers on Monday as traders cautiously awaited clarity on US President Donald Trumps next round of tariffs.

The euro rose slightly following three straight sessions of declines, while the yen edged lower against the greenback, pressured by a rise in US Treasury yields.

The US dollar index, which measures the currency against a basket of six counterparts, was flat at 104.03 as of 0049 GMT, after touching 104.22 on Friday for the first time since March 7. Last week, the index rose 0.4, its first winning week this month.

The dollar has been under pressure for most of this year as the markets assumptions that Trump would quickly usher in pro-growth policies transformed into worries that the presidents aggressive and erratic trade policies could trigger a recession.

The next round of tariffs is due on April 2, when the White House will announce reciprocal levies on many countries.