
Dollar falls after US court overturns Trump's tariffs
The Peninsula
Washington: The US dollar fell on Friday, heading towards ending a four session winning streak, following a US Supreme Court decision to overturn the...
Washington: The US dollar fell on Friday, heading towards ending a four-session winning streak, following a US Supreme Court decision to overturn the sweeping tariffs imposed by President Donald Trump under a law intended for use in national emergencies.
The dollar had risen earlier in the day, driven by data showing an acceleration in the US inflation rate, coupled with a clear slowdown in the pace of economic growth.
Despite this daily decline, the dollar remained up about 0.8 percent for the week, on track for its biggest weekly gain since last November.
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