Asian Currencies Consolidate; U.S. Steel, Aluminum Tariffs May Buoy -- Market Talk
Dow Jones
Jun 02, 2025
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.