The US dollar fell in dealings yesterday, while the euro went up after US President Donald Trump announced customs duties that exceeded expectations.
The dollar index, which measures the performance of the US currency against a basket of six main currencies, fell 1.6 percent to 102.03, recording the lowest level since early October.
The euro rose 1.5 percent to the highest level in six months, recording $ 1.1021.
The Australian dollar increased 0.56 percent, reaching 0.63365 USD, and the New Zealand dollar rose 0.9 percent to $ 0.5796.
The Japanese yen rose to the highest level in three weeks against the dollar, and rose in the latest trading by 1.7 percent to 146.76 for the dollar, and the Swiss franc touched the highest level in five months at 0.86555 per dollar.
The US President announced / Wednesday / the imposition of basic customs duties of 10 percent on all imports of the United States, and higher customs fees and varying proportions on a number of the largest commercial partners of his country, which caused a tremor in global markets, amid the escalation of concerns about the outbreak of a comprehensive trade war that may lead to a sharp slowdown in the global economy and increase inflation.
