US EditionDollar Strong as Trump Imposes New Tariff Rates; Yen Sinks to Four-Month Low
UNITED STATES, JAPAN, JUL 31 – The United States secured tariff agreements with Japan and others to ease trade tensions and avoid economic disruption ahead of the Trump-set deadline.
- On Friday, President Donald Trump set new tariff rates on dozens of trade partners, and the U.S. dollar index topped 100 for the first time since May 29.
- Amid perceptions of uneven trade deals, Trump set new tariff rates on dozens of trade partners, sending the euro near a two-month low.
- Amid tariff developments, the U.S. dollar index reached 100.10, topping 100 for the first time since May 29, and the euro hovered around $1.1401.
- Early futures trading showed the S&P 500 down 0.19% and Nasdaq 100 down 0.3% as of 7:58 a.m.
- Looking ahead, investors will monitor Japan's June jobs and July manufacturing data, as Mike Houlahan said `In the short-term you can make the case for more dollar strength.
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Dollar strong as Trump imposes new tariff rates; yen sinks to four-month low
TOKYO :The dollar headed for its best week in almost three years against its major peers, maintaining momentum on Friday after U.S. President Donald Trump set new tariff rates on dozens of trade partners.The yen touched a four-month low against the greenback, extending its steep decline from Thursday after t
·Singapore
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From this Friday onwards, all those horrendous tariffs that have not been subject to the mafia blackmail methods of the US President are threatening.
Coverage Details
Total News Sources18
Leaning Left2Leaning Right4Center3Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 22%
C 33%
R 44%
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