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<FX>USD Drops ~1% as CN Fights Back Against US Tariff Hike
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The trade war situation continued to affect the foreign exchange market as US President Donald Trump's administration imposed additional 10% tariffs on Chinese imports from Tuesday morning. The USD slipped on Tuesday, while the USD Index last ebbed 0.9% to 108.01. The US suspended tariffs on Canada and Mexico. The CAD exchange rate continued to rebound, with USD/ CAD sliding 0.7% to 1.432. The MXN fell, with USD/ MXN adding 0.4% to 20.44. EUR/USD inched up 0.3% to 1.037 as the Trump administration may impose tariffs on Europe. USD/JPY fell to 154.5, while JPY100/ HKD printed at 5.04. GBP/ USD rose to 1.249. USD/CHF climbed to 0.905. AUD/ USD lifted to 0.626. AAStocks Financial News |
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