The US dollar remained near a four-month low on Friday as shifting tariff policies fueled uncertainty about economic growth, leaving investors awaiting key jobs data later in the day.

Despite US President Donald Trump’s announcement of a temporary reprieve on tariffs for Mexico and Canada, the dollar failed to gain traction. The safe-haven yen hovered near its strongest level against the greenback since early October.

In early trade, the dollar slipped to a three-month low of 0.8820 Swiss francs. Following the tariff announcement, it also weakened against the Canadian dollar and the Mexican peso.

Trump’s reprieve expires on April 2, when he has pledged to impose reciprocal tariffs on all US trading partners. Market analysts noted that uncertainty over trade policy has diminished confidence in the dollar. “The signs that US exceptionalism is on the wane continue to increase,” said Kieran Williams of InTouch Capital Markets.

Attention is now on the US nonfarm payrolls report, which economists predict will show an addition of 160,000 jobs in February, compared to 143,000 in January. The unemployment rate is expected to remain at 4.0%. However, a weak report could further unsettle markets.

The US dollar index slipped 0.05% to 104.15. The euro remained steady at $1.0790, while the Japanese yen strengthened as wage demands in Japan reached their highest level in three decades, increasing speculation about a Bank of Japan rate hike.