US EditionDollar Has Best Week Since February on Tariff Inflation Risks
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11 Articles
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Donald Trump reignited his trade war this week, unveiling the first in a series of letters threatening higher tariffs on 14 US trading partners. Meanwhile, the US dollar, long a pillar of American economic dominance, is faltering, having fallen more than 10% this year, its steepest first-half decline since 1973, when President Nixon severed the currency’s link to gold, shaking the global financial system. As markets reel and political tensions r…
The dollar recorded its best weekly performance in more than four months because the latest tariff threats from President Donald Trump increased the concern that the escalation of trade tensions will fuel inflation and derail a rebound in risk markets.The Bloomberg Dollar Spot Index rose 0.73 percent this week, its best performance — by very little — since the week of February 28, after two weeks of previous falls.The Japanese yen and the Britis…
Dollar Has Best Week Since February on Tariff Inflation Risks
The dollar turned in its best weekly performance in more than four months as President Donald Trump’s latest tariff threats heightened concern that escalating trade tensions will stoke inflation and derail a rally in risk markets.
In the currency markets, the dollar's value against a basket of currencies last week moved away from its lowest levels in more than three years, and trading was uncertain due to the announcement of a new wave of tariffs that the US will levy from August 1. The dollar index, which measures the value of the US against six major world currencies, rose 0.9 percent last week, to 97.87 points, moving away from its lowest levels in more than three year…
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