Dollar Weakens as Traders Weigh Tariff Risks

Reported 27 days ago

The U.S. dollar showed signs of weakness against the yen while remaining steady against the euro, as market uncertainty regarding President Trump's upcoming tariffs led traders to adopt a cautious stance. Following prior optimism about flexibility in tariff applications, fears of economic slowdown and inflation resurfaced. Despite a stronger-than-expected services PMI and recent stability, consumer confidence dropped for the fourth consecutive month, prompting concerns about spending and economic health.

Source: YAHOO

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