The U.S. dollar maintained its overnight gains on Thursday, amidst mixed signals about future Federal Reserve rate cuts. Despite expectations of a gradual Fed easing cycle, investors are on edge waiting for economic data that could reveal the true impact of tariffs.

Traders have priced in 43 basis points of easing in upcoming Fed meetings this year, although statements from Fed figures, including Chair Jerome Powell, suggest decisions will depend on forthcoming inflation and labor data. This uncertainty has resulted in markets pulling back from betting on an imminent rate cut. Recent interest rate reductions have supported the dollar's climb.

Market movements saw the euro steadying in early Asian trade following a decline, with sterling also relatively unchanged. Focus appears to be on A

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