The US dollar maintained its upward trend after strong US employment data, but Trump's remarks limited its gains.

The dollar maintained its upward momentum, as the better-than-expected US non-farm payroll report released on Wednesday led the market to lower its expectations for a rate cut by the Federal Reserve. However, Michael Pfister of Deutsche Bank stated in a report that President Trump's call for further rate cuts based on strong employment data has prevented the dollar from rising further. He stated that this goes against economic theory and highlights why the Fed's rate cut may exceed market expectations. The DXY dollar index rose by 0.1% to 96.901.