Dollar strong as Trump imposes new tariff rates; yen sinks to four-month low

Dollar strong as Trump imposes new tariff rates; yen sinks to four-month low

Source: EODHD - https://www.investing.com/news/economy-news/dollar-strong-as-trump-imposes-new-tariff-rates-yen-sinks-to-fourmonth-low-4164797
Published: Jul 31, 2025 9:50 PM

By Kevin Buckland TOKYO (Reuters) -The dollar headed for its best week in almost three years against its major peers, maintaining momentum on Friday after U.S. President Donald Trump set new tariff rates on dozens of trade partners. The yen touched a four-month low against the greenback, extending its steep decline from Thursday after the Bank of Japan signalled it was in no hurry to resume interest rate hikes. In trade-related moves, the U.S. currency gained ground on the Swiss franc after Trump set a 39% tariff rate on Swiss imports, up from the 31% he previously mooted. Canada’s dollar dipped to a more than two-month trough after the country received a 35% levy instead of an earlier threa...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.