Market News
Dollar softens on US ratings downgrade; trade tensions back on radar - REUTERS
Summary
- Dollar dips to more than one-week low vs yen, euro, Swiss franc
- US trade tensions simmer, FT reports thaw with EU
- Bessent warns nations not negotiating 'in good faith'
- UK-EU defense and trade ties 'reset'
NEW YORK, May 19 (Reuters) - The U.S. dollar declined broadly on Monday, hitting a more than one-week low against the safe-haven yen, Swiss franc and euro, pressured by a surprise downgrade of the U.S. government's credit rating late on Friday, even as trade tensions also weighed.
U.S. Treasury Secretary Scott Bessent said in television interviews on Sunday that President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith".
