Battered dollar drifts lower, spooked by tariff news


REUTERS/Yuriko Nakao/File Photo

SINGAPORE: The dollar drifted lower on Monday as an early bump off a three-year low fizzled, with markets spooked by the stream of tariff-related pronouncements from U.S. President Donald Trump that last week shook investor confidence in the world's reserve currency.

Investors braced for another volatile week as Trump's imposition and then abrupt postponement of tariffs on goods imported to the U.S. continued to sow confusion.

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dollar , de-dollarisation , Treasury , tariffs

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