Reported about 7 hours ago
The dollar gained strength against major currencies after President Trump suggested the possibility of imposing a 10% tariff on China, leading to increased demand for safe-haven assets. This movement in the foreign-exchange market reflects ongoing uncertainty under the Trump administration and the strong performance of the US economy. Concerns about trade tensions and economic slowdown in China had earlier put the MSCI China Index in a bear market. Analysts believe that any eventual tariff decisions will likely reinforce the dollar's upward trajectory.
Source: YAHOO