Dollar sags after Trump's tariff decision takes wind out of recovery


Also pushing the greenback higher was euro zone inflation slowing to a 14-month low, which knocked the euro to six-week lows and underscored the European Central Bank's caution in removing monetary stimulus in the region.

TOKYO: The dollar dropped on Friday, having pulled sharply back from six-week highs after U.S. President Donald Trump's decision to impose tariffs on steel and aluminium took the wind out of the greenback's week-long recovery.

The dollar index against a basket of six major currencies stood little changed at 90.264.

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