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Indonesia News Portal for Traders | Financial & Business Updates

16 April 2025 23:02  |

Dollar Touches Fresh Low as Hedging Costs Rally

All Group-of-10 currencies advanced against the dollar as risk aversion weighed on the greenback and boosted demand for long-volatility trades amid signs that the Trump administration’s tariff policy is eroding investor confidence in the world’s reserve currency.

The Bloomberg Dollar Spot Index fell 0.5%, touching a fresh six-month low after President Donald Trump launched a probe into the need for tariffs on critical minerals and called on China to reach out to him to kick off negotiations aimed at resolving the escalating trade war.

EUR/USD rallied 0.7% to 1.1365.

GBP/USD rose less than 0.1% to 1.3234, up for a seventh day

UK inflation slipped back for a second straight month, providing some relief for households before they were hit by a huge increase in bills this month.

USD/JPY dropped 0.4% to 142.70; it fell earlier to 142.05, lowest since Sept. 30.

US President Donald Trump and representatives from Japan are set to meet today to talk about tariffs.

USD/CHF fell 1% to 0.8154.

Source: Bloomberg

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