Dollar strong as Trump imposes new tariff rates; yen sinks to four-month low

August 1, 2025

The dollar is having a great week against other currencies. This happened after US President Donald Trump announced new tariffs. The Japanese yen fell to a four-month low. The Canadian dollar also dipped. The euro remained low due to trade issues with Washington. Despite Trump’s criticism of Federal Reserve Chair Jerome Powell, the dollar stayed strong.

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