{"id":160441,"date":"2025-04-25T22:49:00","date_gmt":"2025-04-25T21:49:00","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/dollar-set-to-rise-since-march-fall"},"modified":"2025-04-28T18:45:03","modified_gmt":"2025-04-28T17:45:03","slug":"dollar-set-to-rise-since-march-fall","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall","title":{"rendered":"Dollar set to rise since March fall"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The dollar on Friday headed for its first weekly gain since mid-March after China granted some tariff exemptions for US imports, raising hopes that the trade war between the world\u2019s two largest economies may be closer to abating.<\/p>\n<p>DAILY POST reports that the US currency has been whipsawed this week by conflicting signs for a thaw in the fraught relations between Washington and Beijing.<\/p>\n<p>US President Donald Trump on Tuesday suggested a de-escalation of their tit-for-tat tariff battle, saying direct talks were already underway.<\/p>\n<p>By Friday, a number of businesses that had been notified of the changes said China had granted some exemptions from its 125% tariffs on US imports and was asking companies to identify the goods that could be eligible.<\/p>\n<p>In an interview with Time magazine published on Friday, Trump said his administration was talking with China to strike a tariff deal and that Chinese President Xi Jinping has called him.<\/p>\n<p>Beijing, however, continued to dispute the US characterization of the talks.<\/p>\n<p>The dollar rose against a basket of currencies, up around 0.2% on the day and set for a modest weekly gain, its first since the middle of March.<\/p>\n<p>\u201cI don\u2019t think that anything\u2019s necessarily much clearer now, but it does feel like there\u2019s no more ramping up. It feels like it\u2019s coming the other way and if anything, it seems to be heading more towards de-escalation than escalation,\u201d City Index market strategist Fiona Cincotta said.<\/p>\n<p>However, even with some exemptions in place, there was still not enough clarity over the bigger picture to fully reverse some of the investor flows out of the dollar, which has dropped 4% since Trump first announced his \u201cLiberation Day\u201d tariffs on April 2.<\/p>\n<p>\u201cWe have seen this pull out of oversold territory. But it\u2019s definitely too early to be cracking open the champagne for the dollar recovery, we\u2019re not quite there yet,\u201d Cincotta added.<\/p>\n<p>The dollar was up 0.82% on the day against the yen at 143.775 and was up 0.42% against the Swiss franc at 0.82985 francs.<\/p>\n<p>The United States is poised to offer Saudi Arabia an arms package worth well over $100 billion.<\/p>\n<p>The euro fell 0.24% to $1.1363, while the pound declined 0.12% to $1.332, even after surprisingly strong UK retail sales figures.<\/p>\n<p>Trump had rocked the dollar at the start of the week, sending it spiraling lower against other major currencies with his threats to fire Federal Reserve Chair Jerome Powell for not cutting interest rates quickly enough.<\/p>\n<p>It then jumped back on Tuesday when the president said he never had any intention of replacing the central bank boss.<\/p>\n<p>Washington has made some progress in early trade talks with Asian allies South Korea and Japan.<\/p>\n<p>The Japanese Finance Minister Katsunobu Kato said after meeting U.S. Treasury Secretary Scott Bessent that there were no talks on currency targets. Trump has accused Tokyo of weakening its currency to help its exporters.<\/p>\n<p>Japan\u2019s chief negotiator, Ryosei Akazawa, who is also economy minister, will hold a second round of trade talks with Bessent next week.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The dollar on Friday headed for its first weekly gain since mid-March after China granted some tariff exemptions for US imports, raising hopes that the trade war between the world\u2019s two largest economies may be closer to abating. DAILY POST reports that the US currency has been whipsawed this week by conflicting [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":160440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1621,254],"class_list":["post-160441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-dollar","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dollar set to rise since March fall - Nigeria<\/title>\n<meta name=\"description\" content=\"The dollar on Friday headed for its first weekly gain since mid-March after China granted some tariff exemptions for US ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar set to rise since March fall\" \/>\n<meta property=\"og:description\" content=\"The dollar on Friday headed for its first weekly gain since mid-March after China granted some tariff exemptions for US ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-25T21:49:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-28T17:45:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1745608887.883734.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dollar set to rise since March fall\",\"datePublished\":\"2025-04-25T21:49:00+00:00\",\"dateModified\":\"2025-04-28T17:45:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall\"},\"wordCount\":520,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1745608887.883734.jpg\",\"keywords\":[\"Dollar\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dollar-set-to-rise-since-march-fall\",\"name\":\"Dollar set to rise since March fall - 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