Dollar firms as Trump's tariffs loom, yen set for monthly gain
SINGAPORE - The dollar drew safe-haven support on Friday ahead of U.S. President Donald Trump's impending tariffs, though was still headed for a monthly loss as investors weighed those threats against a darkening U.S. growth outlook.
"The narrative from Japan in terms of economic activity is still very encouraging," said Rodrigo Catril, senior currency strategist at National Australia Bank . For the week, the Aussie was set to lose nearly 2%, though it fared better on a monthly basis with a slight 0.3% gain. The dollar briefly rose above the 7.30 level against the yuan in the offshore market, and was last at 7.2966.
Still, the index was on track for a monthly loss of 1.1%, its worst since August, as the dollar continues to face some downward pressure amid worries over the health of the world's largest economy. "There's been that element of the calm before the storm ... the low levels of volatility to us are a reflection of uncertainty and delayed decisions rather than the market being comfortable with what Trump is doing."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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