Dollar Weakens as Traders Weigh Tariff Risks

Reported 5 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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