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Forex – Dollar Weakens as Trump’s Tariff Risk Assets

FxPremiere.com – The dollar was broadly lower early Monday in Europe after U.S. President Donald Trump’s decision to delay the imposition of more tariffs on Chinese imports triggered a relief rally in risk assets.

Forex - Dollar Weakens as Trump's Tariff Risk Assets
A money changer counts U.S. dollar banknotes at money change market in Herat province, Afghanistan June 3, 2018. REUTERS/Jalil Ahmad

The dollar index which measures the greenback against a basket of currencies, edged down to 96.257 by 03:20 AM ET (0820 GMT), having ended Friday’s session above 96.40.

“Even if the Fed is on pause at the moment, the ECB and BoJ are at the moment finding themselves challenged in terms of trying to getting away from their extreme monetary accommodation,” said Marc Ostwald, a strategist with ADM ISI in London.

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