US Dollar fails to regain strength despite a solid Nonfarm Payrolls report

• The US dollar remains under pressure despite strong nonfarm payroll data.
• China signals potential tariff talks with the Trump administration.
• The US Dollar Index stays below the 100.00 mark ahead of key US economic releases.

The US Dollar Index (DXY), which measures the USD against a basket of six major currencies, remains subdued, retreating to 99.75 on Friday after a brief, unsuccessful push above the 100 level. The Dollar is slightly weakening following reports that China may begin tariff negotiations with the Trump administration. While markets digest these trade developments, anticipation builds around a formal trade agreement.

In geopolitical news, Bloomberg reported that the U.S. and Ukraine signed a mineral deal—limited in scale and lacking any military assurances for Ukraine—amid the ongoing Ukraine-Russia conflict.

On the economic front, April’s Nonfarm Payrolls came in at 177,000, slightly above the highest forecast of 171,000. Although the data initially gave the Dollar a modest lift, the reaction was short-lived, with markets viewing this as possibly the last strong jobs report ahead of a potentially weaker print in June.