The dollar edged up on Friday, recovering from minor losses the previous day, as traders weighed the uncertain outlook for the U.S. economy amid President Donald Trump’s inconsistent statements on trade negotiations and his involvement with the Federal Reserve.
Throughout the week, the U.S. currency experienced sharp fluctuations—initially falling 1% against major currencies on Monday after Trump hinted at removing Fed Chair Jerome Powell over interest rate policies, then rebounding 1.5% the following day as Trump backtracked, denying any intention to oust Powell and hinting at easing tensions in the trade dispute with China.