Dollar Retreats from Three-week High Amid Anticipation of US TariffsSingapore, 24 Mar (ONA) —- The US dollar today drifted just below a
three-week high versus major peers as traders cautiously
awaited clarity on US President Donald Trump’s next round of tariffs.
The euro rose slightly following three straight sessions of
declines, while the yen edged lower against the greenback, pressured
by a rise in US Treasury yields.
The US dollar index, which measures the currency against a basket
of six counterparts, was flat at 104.03, after touching 104.22 on
Friday for the first time since March 7.
The dollar gained 0.3% to 149.77 yen. The currency pair tends to
track changes in bond yields, and 10-year Treasury yields added as
much as 2.5 basis points to 4.2770% on Monday.
The euro advanced 0.24% to $1.0836, climbing off Friday’s nearly
three-week trough of $1.0795.
Sterling rose 0.15% to $1.2934.
The Australian dollar climbed 0.29% to $0.6291.
The Turkish lira was steady around 38.0050 per dollar.—- Ends/Khalid
