Market News
Dollar on track for worst week since November 2023 - REUTERS
Summary
- Dollar eyes worst week in over a year
- Yen higher after BOJ hike rates
- Euro, sterling up 2% against greenback on the week
NEW YORK, Jan 24 (Reuters) - The dollar fell on Friday and was on track for its worst week in more than a year on expectations that tariffs enacted by U.S. President Donald Trump will be lower than previously feared and unlikely to spur an international trade war.
The prospect of high tariffs on goods from countries including China, Canada, Mexico and the euro zone have raised concerns about a renewed bout of inflation, which has helped to send Treasury yields and the U.S. dollar higher in recent months.
