Dollar firms as Trump's shifting messages on tariffs stir uncertainty
U.S. dollar firmed above an 11-week trough on Thursday as vague pledges from President Donald Trump to impose tariffs on Europe and further delays to levies planned for Canada and Mexico stoked uncertainty.
The euro steadied after falling further from a one-month high of $1.0529 in the previous session, as traders took a wait-and-see approach to Trump floating on Wednesday a vague 25% «reciprocal» tariff on European cars and other goods.
The euro was down 0.06% at $1.0479, with traders also awaiting any progress on efforts to form a coalition government in Germany following the election victory of the country's conservatives.
Trump also said steep 25% tariffs on Mexican and Canadian goods could take effect on April 2 instead of the previously stated deadline of March 4.
But a White House official stated levies on Mexican and Canadian goods remained in effect «as of this moment,» pending Trump's review of both nations' actions to secure their borders and halt the flow of migrants and the opioid fentanyl into the United States.
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