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Dollar slides as united states tariff outline rattles currency outlook

collected by :kiven Dixter

A Japan ¥ note Information Systems seen in this illustration picture taken June 1, 2017.
The $ fell to 105.26 yen, the lowest ever November 2016 & was final drop 0.5 % at 105.72 yen.
Against the euro & sterling, the ¥ was up 0.1 % & 0.5 % respectively.
The $ was ended on the back foot before Kuroda spoke, having pulled sharply back from six-week highs after Trump’s decision to impose tariffs.
The $ index, tracking it against a basket of great currencies, fell 0.4 % to 89.957.

FOREX-Dollar slides as united states tariff outline rattles currency outlook

Trump declared on Thursday he would impose heavy tariffs on imported steel & aluminium to prevent united states producers, risking retaliation from great trade partners like China, Europe and Canada.
urn:newsml:reuters.com:*:nL2N1QK016The $ fell to 105.26 yenJPY= , the lowest sinceNovember 2016 & was final drop 0.5 % at 105.72 yen.
Against the euro EURJPY= & sterling GBPJPY= , the ¥ wasup 0.1 % & 0.5 % respectively.
The $ index, tracking it against a basket of majorcurrencies .DXY , fell 0.4 % to 89.957.
Investors going to too focus on the unite states jobs report for February due following week.

 

Dollar
Dollar

 

FOREX-Dollar tumbles as united states tariff outline ignites trade war fears

as mentioned in “The (tariff) move risked triggering a universal trade war & can have significant unintended consequences for the united states economy,” told Joe Manimbo, senior market analyst, at Western Union Business resolution in Washington.
Trump declared on Thursday he would impose heavy tariffs on imported steel & aluminium to prevent united states producers, risking retaliation from great trade partners like China, Europe & Canada.
The $ fell to 105.26 yen, the lowest ever November 2016 & was final drop 0.8 % at 105.37.
Bilal Hafeez, a macro strategist at Nomura in London, told Trump’s move was much further aggressive than tariffs imposed with his generality recent predecessors.
Barack Obama imposed tariffs on Chinese steel imports in probably 2016 & George W. Bush against European steel imports in March 2002.

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