Asian Currencies Fall, Dragged by U.S. Tariffs -- Market Talk

Dow Jones02-03

0156 GMT - Asian currencies fall against dollar in the morning session, dragged by U.S. President Trump's decision on Saturday to impose tariffs against Canada, China, and Mexico. The U.S.-led "tariff war" has begun, CBA's Global Economic & Markets Research team says in a note. Economic theory and the 2018-19 U.S. tariffs' experience suggest that the trade curbs will strengthen the greenback, the team says. This week's data, including non-farm payrolls, are likely to beat expectations of U.S. economists and support the greenback, the team adds. USD Index climbs 1.1% to 109.55; USD/KRW rises 0.8% to 1,469.90; USD/JPY is 0.4% higher at 155.69. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 02, 2025 20:56 ET (01:56 GMT)

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