The dollar strengthened against every major currency after comments from President Donald Trump and his Treasury Secretary stoked concern that a brief respite from tariff talk was well and truly over.

The dollar was modestly lower on Thursday in a choppy session, after comments from U.S. President Donald Trump called for lower interest rates while providing no clarity on tariffs, and investors awaited a round of policy announcements from global central banks.

The global economy is on edge as U.S. President Donald Trump's proposed tariffs ripple across financial markets, sparking volatility and shifts in currency values. The U.S. dollar – which had recently reached a two-year high earlier this month – has shown signs of weakness amid investor uncertainty and fallen to a two-week low,