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Cryptocurrency News | Cryptocurrency Prices | Market CapDollar back on the ropes as Trump goes tariff wild
The US dollar slid to three-year lows on Thursday as Donald Trump signaled his White House isn’t done with tariffs after all. The US president’s claims to have a framework for a detente with China fueled hopes “Tariff Man” had learned his lesson on imposing crushing import taxes on all major economies. Not so much, […] The post Dollar back on the ropes as Trump goes tariff wild appeared first on Asia Times.
The dollar fell to its lowest level in three years due to rising concerns about tariffs in the United States and deteriorating economic prospects.The Bloomberg Dollar Spot index dropped to 0.8 percent on Thursday, setting its lowest level since April 2022.The euro rose to its highest level since 2021, while the pound sterling reached a new maximum of three years.All the currencies of the Group of 10 gained ground against the dollar.What factors …
Trump did it again.If yesterday he aired the markets by confirming an agreement with China, toward the end of the day he reinstated the uncertainty surrounding the trade war with the rest of the countries. Specifically, the Republican said that Washington will soon send letters to the governments, reporting on the charges that the US would impose, which will enter into force from July 9, the date the current truce expires. “We are negotiating wi…
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