💨 Abstract

The U.S. dollar strengthened on Tuesday after President Donald Trump announced higher tariffs on steel and aluminum imports and plans for reciprocal tariffs on other countries. Currencies were mostly stable in Asian trade, with trading subdued due to a holiday in Japan. The dollar rose against the Canadian dollar, but the loonie was still some distance from a 22-year low. Traders are awaiting testimony from Federal Reserve Chair Jerome Powell and U.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖