Dollar Falls as Trump Says Countries Face Reciprocal Tariffs

The dollar fell to a session low as traders contemplated the impact of President Donald Trump’s plan to move forward with reciprocal tariffs on countries that trade with the US.

The Bloomberg Dollar Spot Index traded 0.7% lower on Thursday as Trump signed an order that could lead to new levies as soon as April. The yen gained as much as 1.1% to 152.71 per US dollar, on safe-have appeal, while the Canadian dollar touched a new high for the year.