Reported about 4 hours ago
The dollar experienced a slight decline in trading as uncertainty surrounding President Trump's proposed tariffs kept traders guessing. Trump hinted at a potential 10% tariff on Chinese imports and higher tariffs on Mexico and Canada, yet his lack of immediate action led to a 1.2% dip against other major currencies. Analysts suggest that Trump's cautious approach may signal a departure from aggressive trade protectionism, potentially easing inflation concerns and influencing Federal Reserve interest rate expectations.
Source: YAHOO