Dollar dips as Trump's tariff wall slips - Reuters
Dollar dips as Trump's tariff wall slips Reuters
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Notable Quotes
""It weakens the dollar in the sense that it potentially benefits non-U.S. growth.""
— Sim Moh Siong , Academic
""This decision is another chip away at Trump's power... so that's a positive for markets.""
— Jason Wong , Academic
""Things don't change too much.""
— Martin Whetton , Academic
Key People
Former president of the United States known for his aggressive economic policies.
Jason Wong is a strategist at BNZ in Wellington.
Martin Whetton is the head of financial markets strategy at Westpac in Sydney.
Sim Moh Siong is a currency strategist at OCBC Bank in Singapore.
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<a href="https://news.google.com/rss/articles/CBMilgFBVV95cUxOOUU5Z2NyWXZFVEVjM1cyZDFLZVVadEdPdUZkUEpTMzNDU0UzYzNsd2JNT0wyaUJsQl90bVlhT2hkbW40VGl3ZU5ya3dRTDhCT2RIelI1X1Y4T0U0SzkyeWgzM0lDdHgybnFSTGgyNW1PaVJiT1RURmlEcFBQM2hETkVmVWdHRTBOYmU4bGRNeTREOGpIYmc?oc=5" target="_blank">Dollar dips as Trump's tariff wall slips</a> <font color="#6f6f6f">Reuters</font>
The U.S. dollar fell as traders took the Supreme Court's decision to strike down most of President Trump's tariffs as supportive for global growth, though confusion and risk of conflict in the Middle East kept moves relatively small.
The U.S. dollar weakened after the Supreme Court struck down most of President Trump's tariffs, seen as supportive for global growth. Despite this, Middle East tensions and confusion over replacement levies kept currency moves modest.
The U.S. dollar weakened after the Supreme Court struck down most of President Trump's tariffs, seen as supportive for global growth. Despite this, Middle East tensions and confusion over replacement levies kept currency moves modest.
The dollar eased 0.4% on the Japanese yen to 154.36, while the euro added 0.4% to $1.1826. The dollar also dipped 0.5% on the Swiss franc to 0.7718. In commodity markets, gold gained a safe-haven bid and firmed 0.8% to $5,143 an ounce.
The dollar fell as traders took the U.S. Supreme Court’s decision to strike down most of President Donald Trump’s tariffs as supportive for global growth, though confusion and risk of conflict with Iran kept moves cautious. The euro was up 0.4% to $1.1820 and sterling rose by 0.3% to $1.3516 through the Asia session.
The U.S. dollar fell as traders took the Supreme Court's decision to strike down a slew of President Trump's tariffs as supportive for global growth, though confusion and risk of conflict with Iran kept moves cautious.
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