The U.S. dollar strengthened above an 11-week low on Thursday as market uncertainty grew following President Donald Trump's vague tariff threats on Europe and delays to levies on Canadian and Mexican goods.
The euro steadied at $1.0479 after dropping from a one-month high of $1.0529, with investors watching Germany’s coalition government talks and Trump’s proposed 25% “reciprocal” tariff on European cars and goods.
Trump also hinted that 25% tariffs on Mexican and Canadian imports might take effect on April 2 instead of March 4. However, a White House official clarified that existing levies remain “as of now” while Trump reviews border security measures and efforts to curb opioid smuggling.
The Canadian dollar hovered near a two-week low, while the Mexican peso traded at 20.408 per dollar. Meanwhile, the dollar index edged up 0.10% to 106.56, moving away from its two-month low of 106.12 hit earlier in the week.
Despite Trump’s mixed messages, markets remained cautious. "Traders are waiting for a real catalyst, and Trump’s rhetoric wasn’t one," said Matt Simpson, a senior market analyst at City Index.
Concerns over slowing U.S. economic growth and inflation have weakened the dollar nearly 4% from its January peak. Recent economic data, including weak business activity and a decline in consumer confidence, have fueled expectations of at least two Federal Reserve rate cuts in 2025, though no immediate changes are expected.
Elsewhere, the yen held at 149.17 per dollar, benefiting from falling U.S. Treasury yields and speculation of Bank of Japan rate hikes. Sterling traded at $1.2667 after reaching a two-month high of $1.2717. The Australian and New Zealand dollars remained near recent lows, with the Aussie at $0.6303 and the Kiwi at $0.5696.


South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 



