Dollar heads for third weekly gain as tariff concerns ease

The dollar is on track for its third straight weekly gain after signs of progress in Washington’s talks with some of its trading partners eased concerns about investment in the world’s largest economy.

The dollar, U.S. Treasuries, and stocks recovered from sharp declines last month sparked by fears that President Donald Trump’s erratic tariff policies could trigger a recession and erode confidence in U.S. assets.

Attention now turns to U.S. nonfarm payrolls data due later today, according to Reuters.

The dollar index was little changed in early Asian trading and was on track for a 0.5% gain in a relatively quiet trading week due to holidays. The dollar traded at 145.53 yen, not far from its three-week high reached on Thursday.