Dollar Declines and Treasury Market Selloff Conclude Turbulent Week

Market updates indicate significant fluctuations this week:

The DXY index decreased by 3.7%, with the euro reaching a three-year high against the USD.
Treasury markets are experiencing major sell-offs, with the 10-year yield surpassing 4.5%. Expected weekly losses are the largest since 2019.
Concerns arise over a 10% baseline tax on trading partners impacting inflation and growth.
Consumer sentiment dropped to 50.8 in April, down from 57 in March, while the one-year inflation outlook increased from 5% to 6.7%.
The administration has 88 days to finalize trade deals with 150 countries, amid rising tensions as China increased levies on US imports to 125%.
Kevin Hassett from the National Economic Council mentioned a “big inventory of deals” nearing completion.