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New York foreign exchange market: The dollar rose due to month-end fund flows and signals of tariff easing.
The USD rose across the board against other G-10 currencies on Friday, as traders became increasingly optimistic about signs of a potential easing in trade tensions. The yen suffered the largest declines. The Bloomberg USD Index rose by 0.4% at one point; it increased by 0.1% this week, following three consecutive weeks of decline. USA President Donald Trump stated in an interview with Time magazine on Friday that a trade agreement is expected to be reached with partners seeking lower tariffs in the "next three to four weeks." Two traders based in Europe indicated that month-end fund flows also contributed to the USD rebound. The USD index is heading towards its worst performance in the first hundred days of a new USA president since data has been available since the Nixon era. USD/JPY.