Reported about 15 hours ago
The dollar rose on concerns related to U.S. President Trump's tariff plans, especially regarding Colombia. After weeks of easing tariff fears, worries resurfaced when Colombia threatened retaliatory tariffs in response to Trump's proposed levies. As traders await the Federal Reserve's upcoming rate decision, inflation concerns linked to potential high tariffs have strengthened the dollar, while other currencies like the Mexican peso and Canadian dollar weakened.
Source: YAHOO