Reported about 3 hours ago
The U.S. dollar maintained its value on Tuesday amidst newly instated 10% tariffs on Chinese imports, perceived as part of ongoing negotiations rather than a definitive strategy. Analysts indicated that the market is highly sensitive to tariff updates, contributing to ongoing volatility. In contrast, the euro dropped slightly amid threats of potential trade levies on the European Union, which analysts warn could further hinder economic conditions in the euro area. Meanwhile, both the Canadian dollar and Mexican peso weakened against the dollar.
Source: YAHOO