Dollar Edges Lower After Trump Pauses Canada, Mexico Tariffs -- Market Talk

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Dollar Edges Lower After Trump Pauses Canada, Mexico Tariffs -- Market Talk

Dow Jones02-04

The dollar falls slightly after President Trump agreed to hold off imposing 25% tariffs on Canada and Mexico. "Dollar Edges Lower After Trump Pauses Canada, Mexico Tariffs -- Market Talk," at 0756 GMT, incorrectly said Trump agreed to hold off imposing 25% tariffs on China.

(END) Dow Jones Newswires

February 04, 2025 03:22 ET (08:22 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508487522","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508487522","pubTimestamp":1738655760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0756 GMT - The dollar falls slightly after President Trump agreed to hold off imposing 25% tariffs on China and Mexico. However, a new 10% tariff on China has taken effect and the country said it will retaliate with new tariffs on select U.S. imports. It remains tough to bet against the dollar as policy uncertainty remains elevated and \"Trump is slapping tariffs on trading partners seemingly on a whim,\" Pepperstone strategist Michael Brown says in a note. The dollar is supported by safe-haven demand as tariffs will impact global growth but also because this impact will be least felt in the U.S. The DXY dollar index falls 0.3% to 108.706 after hitting a three-week high of 109.881 Monday. 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