Market News
US dollar holds ground as China tariffs kick in, euro slides - REUTERS
Summary
- US dollar little changed as duties against China take effect
- Markets see tariff threats as a negotiating tool
- Euro, yuan and Australian dollar fall slightly
- Canadian dollar, Mexican peso down after Monday rebound
- President Trump granted Canada, Mexico 30-day reprieve
Feb 4 (Reuters) - The U.S. dollar held its ground on Tuesday as President Donald Trump's tariff threats were interpreted more as a negotiating tactic rather than an end goal, a day after he suspended planned measures against Mexico and Canada.
However, the new Trump administration imposed additional 10% tariffs on imports from China effective from early Tuesday and currency analysts said they expected high sensitivity to tariff developments and volatility to persist.
