💨 Abstract

The dollar strengthened on Tuesday following U.S. tariffs on Chinese goods, triggering retaliation from Beijing and causing a selloff in the Chinese yuan and Australian dollar. The euro declined as Washington threatened to impose trade levies on the European Union. The Canadian dollar and Mexican peso also weakened. The U.S. dollar index rose 0.15% to 108.6. The Chinese yuan edged down about 0.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖