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Market News
Dollar weakens as dust settles on Trump's shock tariff pause - REUTERS
By Kevin Buckland and Alun John
Summary
- Yen, Swiss franc strengthen back towards multi-month peaks
- Yuan weaken as trade war with Beijing intensifies
- Trump paused reciprocal duties on most countries for 90 days
- Euro, other risk currencies slightly firmer
TOKYO/LONDON, April 10 (Reuters) - The dollar dipped against safe havens and more risk sensitive currencies alike on Thursday as traders tried to work out where they stood after Wednesday's dramatic tariff announcement from U.S. President Donald Trump, though China's yuan slid.
Trump on Wednesday stunned markets by awarding a 90-day reprieve on his "Liberation Day" reciprocal levies that had gone into effect less than 24 hours earlier, though he maintained a baseline tariff rate of 10% on most countries.
