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