Su
Mo
Tu
We
Th
Fr
Sa
27
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Market News
US dollar rebounds against safe-haven currencies after Trump pauses tariffs - REUTERS
By Chibuike Oguh and Stefano Rebaudo
Summary
- Trump's tariff pause boosts U.S. dollar against yen, Swiss franc
- Tariff rate for China hiked to 125%
- Wall Street indexes surge after tariff announcement
- Dollar weakens against Chinese offshore yuan
NEW YORK, April 9 (Reuters) - The U.S. dollar rebounded against safe-haven currencies including the yen and Swiss franc on Wednesday after President Donald Trump announced a 90-day pause on many new tariffs on trading partners, but escalated a confrontation with Beijing by hiking duties on Chinese goods.
Trump said he had authorized a 90-day pause in "reciprocal" 10% tariffs but was also raising the tariff rate for China to 125%, effective immediately.
