US dollar rises as markets consolidate positions; outlook remains downbeat

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US dollar rises as markets consolidate positions; outlook remains downbeat - Channel News Asia

Quick Summary:

NEW YORK/LONDON :The U.S.

"The choppiness and volatility (in the dollar) are probably the bigger story, and it's certainly being driven by uncertainty about tariffs, uncertainty about a potential trade war and whether it's uncertainty about the emerging geopolitical environment," said Marvin Loh, senior global market strategist at State Street in Boston.

Currency markets also were processing data from Wednesday showing U.S.consumer prices rose slightly less than expected in February, but the relief it offered could be temporary as the data did not fully capture the cascade of Trump's tariffs.