US EditionUS Dollar Declines as Traders Assess Tariff Outlook
- In early June 2025, the US dollar dropped sharply as President Trump announced plans to raise tariffs on steel and aluminum imports to 50 percent starting June 4.
- This tariff announcement followed a recent US trade court ruling that blocked most of Trump's tariffs for overstepping authority, though an appeals court later reinstated some duties, reflecting ongoing legal uncertainty.
- Markets have experienced volatility throughout May and June amid these tariff tensions, mixed trade negotiations with the EU and China, and expectations that the Senate will consider a tax-and-spending bill adding $3.8 trillion to US debt.
- The dollar index fell 0.6 percent to 98.75, near a three-year low, while the currency weakened broadly versus peers, with analysts noting negative sentiment and vulnerability to further fiscal and trade policy risks.
- These developments suggest continued economic risks from tariff escalation, including potential growth constraints and inflation pressures, while investors closely watch upcoming US jobs data and central bank actions for direction.
27 Articles
27 Articles
Ringgit strengthens against greenback as Trump administration pushes disruptive trade policies
KUALA LUMPUR: The ringgit continued to strengthen against the US dollar on Wednesday, as the US economy is perceived as fragile amid the Trump administration’s continued push for disruptive trade policies. © New Straits Times Press (M) Bhd
Dollar dips as tariff worries resurface | Honolulu Star-Advertiser
The U.S. dollar fell across the board today, giving up the previous week’s gains, as markets weighed the outlook for President Donald Trump’s tariff policy and its potential to hurt growth and stoke inflation.
The Stock Exchanges and the dollar begin the month of June with some weakness. The crossover of accusations between the US and China about non-compliance with their trade agreements, the increase in tariffs on aluminium and steel from next Wednesday and weaker economic data have resulted in a fall of 0.8% for the US currency that is changed to 1,144 units per euro. That is, it rubs the minimums of three years recorded after the tariff offensive …
Channel News Asia
Free Malaysia Today NewsUS dollar declines as traders assess tariff outlook
TOKYO :The U.S. dollar edged lower on Monday, giving back some of its gains from last week, as markets weighed the outlook for President Donald Trump's tariff policy and its potential to constrict growth and unleash inflation.The greenback starts the week on the back foot after Trump said late on Friday that
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