Experts: Poor April and further weakness for the dollar

The US currency rose this week, neutralizing its loss from the past. This, however, does not mean that the dollar's growth has resumed, according to market participants.
The dollar index added 0.6% this week, despite its weakness on Thursday.
The dollar rises to a one-month high against the Japanese yen on Wednesday and a two-month high against the Swiss franc. Green money recorded substantial losses against the two currencies that have been seen as rescue in recent weeks.
However, the rise in the dollar is largely determined by end-of-month and quarter-month factors, market observers said.
Indeed, the dollar index has risen in each of the weeks of March, except for one. US deficit concerns remain on the agenda as well as potential trade wars that offset the positive impact of expectations of interest rates on the Fed.
And while at the end of each month, some rebalancing is observed in investors' portfolios, March is a bit more special when it comes to far more serious capital flows. Otherwise, fundamentally nothing has changed for the dollar.
April is traditionally a weak month for the dollar, from a historical point of view. Last April, the dollar index lost 0.9% and in the previous two years the loss for the index was 2.2%, recall from Scotiabank.