Nail-biting ahead of the tariffs announcement keeps the dollar down, as Wall Street braces for potential economic headwinds.
Trump’s expected reciprocal levies are to be revealed in the afternoon.
“A wide range of outcomes are possible, and there are several key dimensions to the announcement that we’ll be watching,” Goldman Sachs economists write. They will be watching for the full list of countries included, the magnitude of the average tariff rate and the timeline for implementation.
The WSJ Dollar Index falls 0.2% to 99.50, slightly above this year’s low. The greenback weakens 0.2% versus the euro and 0.1% against the yen. It is up 0.2% against the Canadian dollar.
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