Macroeconomics

FOREX-Dollar Rises on Tariff Worries after Trump's Colombian Threat

January 27, 2025, 09.35 AM | Source: Reuters
FOREX-Dollar Rises on Tariff Worries after Trump's Colombian Threat

ILUSTRASI. U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic

FOREX - SINGAPORE. The dollar firmed on Monday as traders pondered the ramifications of U.S. President Donald Trump's tariff plans at the start of a week where the Federal Reserve is widely expected to hold interest rates steady.

The dollar clocked its weakest week since November 2023 last week on ebbing fears of tariffs from the Trump administration, but those worries resurfaced after he said he will impose sweeping measures on Colombia.

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