3 days ago
- Business
- Wall Street Journal
Asian Currencies Consolidate; U.S. Steel, Aluminum Tariffs May Buoy
0036 GMT — Asian currencies consolidate against the dollar in the morning session, but may be buoyed by President Trump's announcement to double U.S. tariffs on imports of steel and aluminum to 50% from June 4. 'The USD is at the lower end of fair value, according to our metrics,' three members of CBA's Global Economic & Markets Research say in a research report. 'The risk is U.S. trade policy changes pull the USD below the fair value range,' the members add. The ICE USD Index is down 0.1% at 99.20; USD/JPY edges 0.1% lower to 143.67; USD/PHP is little changed at 55.80. (
