Currencies
Dollar Rises as Trump Vows More Tariffs to Support US Growth
- US currency gauge rises to strongest level since early August
- Peso weakens to session low versus dollar after Trump comments
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The dollar climbed to the strongest level in two months as former President Donald Trump defended proposals to dramatically raise tariffs on foreign imports.
The Bloomberg Dollar Spot Index rose as much as 0.3% on Tuesday as the Republican candidate cited potential trade policies with economies including Mexico, Europe and China in an interview with Bloomberg News Editor-in-Chief John Micklethwait. The Mexican peso dropped as much as 1.7% against the US dollar, while the euro extended losses.