Dollar Falls as Tariff Worries Grow -- Market Talk
Dow Jones06-02
0701 GMT - The dollar falls as trade concerns heat up after U.S. President Trump on Friday announced plans to double tariffs on steel and aluminum up to 50%, starting Wednesday. Trade tensions between the U.S. and China also returned after Trump accused China of breaking a recent trade truce. "In the long term, it will become increasingly clear that the U.S. administration has no intention of abandoning tariffs," Commerzbank analyst Michael Pfister says in a note. The DXY dollar index falls 0.4% to a 6-day low of 98.926. The euro rises 0.5% to $1.1403. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 03:01 ET (07:01 GMT)
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