The US dollar strengthened due to the Federal Reserve's wait-and-see stance.

As Federal Reserve Chairman Powell reiterated, the Federal Reserve is willing to wait for clearer prospects before changing interest rates, which has led to a stronger US dollar. The Federal Reserve considers inflation and employment risks to be higher, but Powell stated that data has not yet shown any deterioration in either. When he answered questions from reporters, both the Wall Street Journal's US Dollar Index and ICE's US Dollar Index rose, as these indices have already risen due to signs of easing trade tensions. The US dollar rose by 1% against the yen and the Australian dollar, and by about 0.5% against the euro and the British pound.