The U.S. dollar remained firm on Tuesday as President Donald Trump’s latest tariff threats were seen as a negotiation tactic rather than a definitive policy shift. While planned tariffs on Mexico and Canada were suspended, a new 10% levy on Chinese imports took effect, prompting a swift but measured
The U.S. dollar held steady as fresh tariffs on Chinese imports took effect at 12:01 a.m. ET (0501 GMT) Tuesday. Markets interpreted Trump’s actions as a bargaining strategy, though analysts warned of continued volatility.
The U.S. dollar index remained at 108.5, while the Canadian dollar and Mexican peso weakened after Monday’s rebound. The euro also slipped, with Washington threatening the EU with potential trade levies, raising concerns over inflation and interest rates.
Beijing retaliated with its own tariffs but kept the response moderate, suggesting China is leaving room for further negotiations. “China is cautious not to escalate tensions too quickly,” said Lee Hardman, senior currency analyst at MUFG.
The yuan edged down 0.15% to 7.2914 per dollar in offshore trading. The Australian dollar, closely tied to China’s economy, fell 0.35% to $0.6206.
The euro declined 0.15% to $1.033, with analysts predicting further losses if trade tensions intensify. Deutsche Bank’s George Saravelos noted that a prolonged dispute could push the euro toward parity with the dollar.
Elsewhere, the Canadian dollar slipped 0.15% to C$1.4428, while the Mexican peso fell 0.23% to 20.380. The Japanese yen, often a safe-haven currency, lost 0.38% against the dollar, trading at 155.31 per dollar.
With no resolution in sight, analysts expect ongoing fluctuations in currency markets as trade disputes continue to shape economic outlooks.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The Singapore dollar gains ground against the U.S. dollar, driven by growing momentum in the so-called “sell America” trend triggered by renewed tariff threats.
A dramatic surge in Asian currencies is signaling a shift in global financial flows, with analysts warning of a potential erosion of long-standing U.S. dollar supremacy.
The Russian rouble surged past 81 to the U.S. dollar on Thursday, marking a 40% increase since the beginning of 2025.
The US dollar slumped as President Trump’s tariff announcement sent shockwaves through global markets. With a 10% baseline tariff on imports, fears of a global economic slowdown intensified. Investors sought safe havens as stock markets and currencies faltered.
Afghanistan’s Taliban-led interim government has dismissed a recent United Nations report on the country’s security, human rights, and economic situation, calling it inaccurate and misleading.
Ukrainian President Volodymyr Zelenskyy says Russia handed over 21 bodies in a recent exchange—20 of them were Russian soldiers, and one a foreign mercenary.
India’s Home Minister Amit Shah says the Indus Waters Treaty with Pakistan "will never be restored," accusing Islamabad of violating the agreement.
Israeli fighter jets have destroyed three Iranian F-14s in the latest wave of airstrikes targeting central Iran, according to the IDF.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
Meta has teamed up with Oakley to release AI-powered smart glasses, expanding its push into wearable tech after the success of Ray-Ban Meta glasses. The social media company is expanding its partnership with Oakley and Ray-Ban-parent EssilorLuxottica.
Afghanistan’s Taliban-led interim government has dismissed a recent United Nations report on the country’s security, human rights, and economic situation, calling it inaccurate and misleading.
Ukrainian President Volodymyr Zelenskyy says Russia handed over 21 bodies in a recent exchange—20 of them were Russian soldiers, and one a foreign mercenary.
India’s Home Minister Amit Shah says the Indus Waters Treaty with Pakistan "will never be restored," accusing Islamabad of violating the agreement.
Israeli fighter jets have destroyed three Iranian F-14s in the latest wave of airstrikes targeting central Iran, according to the IDF.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
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