Reported 2 days ago
The U.S. dollar has weakened following President Trump's announcement to double tariffs on imported steel and aluminum while tensions with China escalate over mineral shipment accusations. This decline reflects market worries about potential growth constraints and inflation, leading to a 0.3% drop against the yen and fluctuations against other currencies as fiscal uncertainty looms with upcoming Senate discussions on a significant tax cut and spending bill.
Source: YAHOO