According to Golden Finance, analysts at Mitsubishi UFF said in a report that Trump's trade policy will play a key role in the future performance of the US dollar. The recent reversal of the dollar has partially reflected a warming investor optimism that Trump’s trade plan may not cause damage to the global economy as people fear. However, uncertainty in trade policy may still be high at the moment. The dollar could rebound strongly in the second quarter if Trump imposes destructive tariffs. This may also trigger intensified volatility in the foreign exchange market. Conversely, if all of Trump's relevant tax threats are significantly downplayed and/or a trade deal appears, the dollar may experience a larger pullback.