The U.S. dollar remained under pressure on Thursday, as lingering uncertainty over U.S. economic policy, Federal Reserve independence, and geopolitical developments continued to undermine confidence in the currency. On the monetary policy front, the Federal Reserve adopted a more relaxed tone on risks surrounding the U.S. labor market and inflation. Earlier in the week, the dollar fell to a four-year low after President Donald Trump appeared unconcerned about its weakness. The New Zealand dollar also strengthened, reaching a six-and-a-half-month high, while the offshore Chinese yuan held near its strongest level since May 2023. Against a basket of major currencies, the dollar index lingered near 96.24, close to its recent four-year low.