Market News
Dollar slides as investors seek safe havens after US tariffs - REUTERS
Summary
- Dollar follows Treasury yields lower on US growth worries
- Investors flee to safe havens yen and Swiss franc
- Asian currencies struggle in the face of US tariffs
SINGAPORE, April 3 (Reuters) - The dollar slid broadly on Thursday and the euro firmed after President Donald Trump announced harsher-than-expected tariffs against U.S. trading partners, jolting the markets as investors sought safe havens such as the yen and Swiss franc.
The highly anticipated tariff announcement sent shockwaves through markets, with global stocks sinking and investors scrambling to the safety of bonds as well as gold.
