Yen holds gains vs US dollar as markets brace for reciprocal tariffs

Quick Summary:

NEW YORK/MILAN :The yen rose and the dollar index fell on Tuesday as investors digested the latest round of U.S.economic data ahead of tariff announcements from the Trump administration due Wednesday.U.S.

Investors see the Japanese currency as a safer asset than the dollar in the current environment, as U.S.tariffs would likely hurt the U.S.economy as well.

Investors have also boosted their bets on future European Central Bank rate cuts due to tariff fears and weak economic data, driving bond yields and the single currency lower.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaGermanyJapanTaiwanUnited States

Topics: Cent Fell Economy Policy Tuesday Economic Investors Trump Tariffs Tariff Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 16:02:33 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 875 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27518040

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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