January 28, 2025
Dollar rises after Trump’s promise to impose more tariffs
 #DolarNews

Dollar rises after Trump’s promise to impose more tariffs #DolarNews

Financial Insights That Matter

The dollar strengthened to the highest level in two months as former president Donald Trump defended proposals to drastically increase tariffs on foreign imports.

The Bloomberg Dollar Spot Index advanced as much as 0.3% on Tuesday as the Republican candidate mentioned trade policies with economies such as Mexico, Europe and China in an interview with Bloomberg News editor-in-chief, John Micklethwait. The Mexican peso fell up to 1.7% against the dollar, while the euro extended its losses.

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