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U.S. Dollar Nears One-Week Low Amid Speculation on Trump's Tariffs

share-iconTuesday, January 07 comment-icon2 weeks ago 4 views
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reutersREUTERS
U.S. Dollar Nears One-Week Low Amid Speculation on Trump's Tariffs

Credited from: REUTERS

  • The **U.S. dollar** is hovering close to a **one-week low** against major currencies as traders assess President-elect **Donald Trump's** proposed tariffs.
  • A recent report indicated that Trump's tariffs might target only sectors critical to U.S. **national security**, causing the dollar to slide.
  • The **U.S. dollar index** rose to **108.38** after previously dropping to **107.74**, its lowest since December 30.
  • Experts note that Trump's tariff plans might not be as aggressive as originally suggested, affecting currency valuations.
  • In other market movements, the **euro** and **sterling** saw slight declines, while the dollar gained against the **yen** and **Canadian dollar**.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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