Dollar Slips Amid US Tariff Uncertainty
Singapore, March 26 (QNA) – The dollar declined on Wednesday, with weak US confidence data and concerns about the effect of sweeping tariffs on US growth putting the brakes on a recent bounce.
The US Dollar Index (DXY), which measures the value of the US dollar against a basket of major currencies, experienced a significant decline of approximately 4% over the first quarter of 2025. This downturn follows a period of substantial appreciation between September 2024 and January 2025.
As of recent trading sessions, the DXY has stabilized around the 104.00 mark, indicating a pause in its downward trend.
After briefly crossing below 150 yen, the dollar floated to 150.55 yen.
The euro, which spent a week edging lower from a five-month high, was trading at $1.0783, while British pound was steady at $1.2931.
The trade-sensitive Australian dollar hovered just above $0.63, and the New Zealand dollar held steady at $0.5750. (QNA)
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