The U.S. dollar showed strength against major currencies on Friday, following its best performance in three weeks after comments from the Federal Reserve suggested no immediate interest rate cuts. Concerns about the impact of President Donald Trump's trade tariffs led to a decline in the Australian and New Zealand dollars. The dollar index, which measures the currency against six counterparts, maintained stability at 103.81 after a 0.36% increase. The Fed decided to keep rates unchanged and hinted at two future quarter-point cuts this year. The euro, with the heaviest weight in the dollar index, remained steady, while Sterling slightly decreased. Antipodean currencies experienced significant losses, with the New Zealand dollar dropping over 1% despite positive economic data. The Aussie dollar was relatively steady following a significant slump. Market experts anticipate a potential turn in the U.S. dollar leading up to the next round of reciprocal tariffs on April 2.
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