MARKET NEWS
Dollar dips as U.S. yields fall, German politics supports euro - REUTERS
Summary
- Dollar near two-month low
- Trump's tariff deadline nears, tests nerves
- U.S. yields fall, German yields hold higher
- Canadian dollar weakens slightly, implied volatility picks up
SINGAPORE/LONDON, Feb 25 (Reuters) - The dollar remained under pressure on Tuesday, just off a two-month low against a basket of major currencies, hurt by a drop in U.S. yields at time when hopes of more spending in Germany are keeping euro zone rates elevated.
That outweighed, at least for now, some dollar-supportive safe haven flows seen in Asia trade after U.S. President Donald Trump said tariffs on Mexico and Canada would proceed as planned, though they were keeping investors on edge.