Asian Currencies Consolidate; U.S. Steel, Aluminum Tariffs May Buoy -- Market Talk

Dow Jones
2025/06/02

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. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 01, 2025 20:36 ET (00:36 GMT)

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