Currencies
Dollar Adds to Gains as Trump Amps Up Rhetoric on Trade
- Trump to announce 25% tariffs on steel, aluminum imports
- The greenback posts gains against Canadian dollar, euro
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Investors rushed into safe haven-assets on Monday, buying the US dollar and gold as US President Donald Trump threatened to impose tariffs on steel and aluminum imports.
The greenback gained against many of Group-of-10 currencies and gold prices climbed to a record as traders prepared for a potential 25% levy on those products. The Canadian dollar and the euro were the main losers, with the first down as much as 0.6%.