FONE USD Price & Performance (FONEUSD)

The U.S. dollar strengthened against the euro, marking its first weekly rise this month. This rally followed the Federal Reserve's indication to delay rate cuts, coupled with profit-taking in the euro. Concerns over trade tariffs and global economic uncertainty continue to shape market sentiment.12

The euro faced its first weekly decline in March, dropping 0.4% as investors recalibrated positions. Germany's infrastructure spending plans failed to sustain optimism, while caution over reciprocal tariffs and a recovering dollar added pressure. Meanwhile, central banks maintained interest rates, reflecting economic uncertainty.34

The Federal Reserve’s cautious stance on inflation and interest rates has supported the U.S. dollar’s recovery. Safe-haven demand increased due to trade policy concerns and weaker global economic forecasts. This strength has pressured other currencies, including the euro and yen, while boosting market recalibrations.24