Dollar plunges on further tariffs uncertainty; euro gains

GBPUSD: The GBP/USD pair has remained low for the third consecutive day, trading around the 1.2520 mark during Asian hours on Friday.This decline is attributed to low trading activity after the Christmas break and a strengthening US Dollar, driven by growing expectations of a rate cut by the US Federal Reserve (Fed). At its December…

By Kevin Buckland and Sruthi Shankar (Reuters) – The Japanese yen firmed against the dollar on Wednesday as investors scurried to safer assets after a sharp sell-off on Wall Street in the prior session sparked by concerns about the U.S. economy and tech sector valuations. The catalyst was ostensibly some soft U.S. manufacturing data, which…

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