The greenback stabilized following losses mainly against the euro and the Sterling after traders reacted to labor market data in the United States.
Consumer sentiment worsened in April to 77.2 points. Market consensus projects a continued decline to 76 points in May, potentially affecting the dollar negatively.
US yields could remain under pressure as expectations for a softer monetary policy continue to strengthen. Economic data releases and speeches by Fed officials are key upcoming events.
The dollar could potentially find more support if core inflation for April outperforms the market's anticipated 0.3%.
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