Potential weakening of USD due to tariffs, debt, and economic data

Last week’s US Non-Farm Payrolls data beat expectations, giving a slight boost to the USD. However, the rise was not strong enough to change the overall trend. This week, the USD may come under pressure due to risks related to tariffs, national debt, and Unemployment Claims. Trade war concerns, rising debt and inflation, and the Fed Minutes will all play a role in the potential weakening of the USD in the short term. Gold prices may benefit from a weaker USD, while oil prices could decline or remain range-bound due to trade war escalations and geopolitical factors. It is important to stay prepared and manage risks strictly in this uncertain market environment.

Read more at Investing.com: US Dollar May Weaken Due to Tariffs, Debt, and Economic Data