💨 Abstract

The U.S. dollar strengthened against the yen on Tuesday as Trump's fresh tariff threats on computer chips, pharmaceuticals, and steel caused traders to reverse some risk-off moves. This came after concerns over a low-cost Chinese AI model had previously weakened the yen. The dollar also strengthened against the Swiss franc and the euro, while the Mexican peso and the Canadian dollar weakened. The dollar index rose slightly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖