The U.S. dollar steadied against major peers on Wednesday as investors continued to take stock of President-elect Donald Trump's tariff pledges, while keeping an eye on a key inflation figure out of the U.S. later in the day.
The U.S. dollar rose on Tuesday after President-elect Donald Trump said he would impose tariffs on products coming into the United States from Mexico, Canada and China, as investors braced for polices that could set the stage for a trade war.
Most Asian currencies edged lower on Tuesday, with the Chinese yuan dropping to a four-month low against a stronger dollar after U.S. President-elect Donald Trump said he will impose additional trade tariffs on China, Mexico, and Canada.
Oil prices fell in early Asian trade on Tuesday, extending losses from the prior session as the prospect of an Israel-Lebanon ceasefire saw traders pricing in a smaller risk premium for crude.
Most Asian stocks declined on Tuesday after U.S. President-elect Donald Trump threatened to impose additional trade tariffs on China and other countries, ramping up fears of a renewed trade war.
Most Asian stocks rose on Monday as investors piled into cyclical stocks heading into the last week of November, while focus turned to a slew of upcoming economic readings, including China’s industrial data and India’s third-quarter GDP.