Dollar Re-Establishing Role as a Safe Haven

Dollar Re-Establishing Role arsenic a Safe Haven

The dollar held dependable aboriginal Tuesday arsenic markets began recuperating from a chaotic fewer days.

The U.S. Dollar Index, which tracks the worth of the currency against a handbasket of peers, traded level astatine 103.26.

President Donald Trump’s tariff hikes were initially expected to boost the dollar, but concerns astir a U.S. recession and consequent interest-rate cuts person wounded the currency, which is down 1.1% implicit the past 5 days.