Market News
Bruised dollar drifts lower on tariff jitters - REUTERS
By Rae Wee and Yadarisa Shabong
Summary
- Dollar still weak as investors grapple with tariff headlines
- Trump to announce tariff rate on imported semiconductors over the next week
- Euro holds near three-year high, yen gains
SINGAPORE, April 14 (Reuters) - The dollar drifted lower on Monday, while the Japanese yen and the euro progressed higher as investor confidence in the world's reserve currency remained in question following a stream of tariff-related pronouncements from U.S. President Donald Trump.
Investors braced for another volatile week as Trump's imposition and then abrupt postponement of tariffs on goods imported to the U.S. continued to sow confusion.