Dollar drifts near multi-week low on upbeat PPI; tariff fears fade

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TOKYO: The U.S.dollar stabilised around a near three-week trough on Friday as traders took solace that Washington's reciprocal tariffs were not immediately imposed, while a U.S.producer price report soothed inflation concerns.

"We expect the Fed to remain cautious amid concerns about the stalled disinflation process and President Trump's tariff increases," she added.

On Wednesday, Trump discussed the war in Ukraine in phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaJapanUkraine

Topics: Donald Trump Forex /Business/Business News Tariffs US dollar Producer price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 14:53:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 26139061

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