Dollar Set for First Weekly Gain Since Mid-March Amid Signs of Easing U.S.-China Trade Tensions

The U.S. dollar was poised for its first weekly gain since mid-March on Friday, buoyed by renewed optimism in global markets. This comes after China announced exemptions on certain U.S. imports, a move widely seen as a potential step toward easing the prolonged trade war between the world’s two largest economies.

Investors welcomed the development, with analysts suggesting it may signal a willingness on both sides to re-engage in meaningful negotiations. The dollar edged higher against major currencies, reflecting improved sentiment and a shift in risk appetite across financial markets.