Dollar Gains as Trump Sets New Tariff Rates; Yen Hits Four-Month Low

Reported 3 days ago

The U.S. dollar strengthened significantly as President Trump imposed new tariffs on several trade partners, marking its best week in nearly three years. The yen plummeted to its lowest level in four months, prompting concerns from Japanese officials. Other currencies, particularly in Asia, also suffered declines as the impact of the tariffs spread. Analysts predict continued dollar strength despite pressures on the Federal Reserve.

Source: YAHOO

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