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Dollar Falls as Traders Assess New US Tariff Plan
Dollar Falls as Traders Assess New US Tariff Plan

Dollar Falls as Traders Assess New US Tariff Plan

Singapore, 22 Jan (ONA) --- The dollar drifted slightly higher today in indecisive trading as a lack of clarity on President Donald Trump's plans for tariffs kept financial markets guessing.

Trump said late Tuesday at the White House that his administration was discussing imposing a 10% tariff on goods imported from China on 1 February, the same day that he previously said Mexico and Canada would face levies of around 25%.

The dollar index, which tracks the currency against the euro, yen, and four other top rivals, was down 0.14% at 108.

The euro slipped 0.07% to $1.0420, while the yen edged up slightly to 155.40 per dollar.

China's yuan was flat at 7.2735 per dollar in offshore trading.

The Canadian dollar eased about 0.1% to C$1.4335 per greenback.

The Mexican peso also edged 0.1% lower to 20.6350 per dollar.

--- Ends/AH

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