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Dollar Falls After US Tariff Ruling


New york: The dollar fell on Sunday as traders assessed the US Supreme Court’s decision to cancel the tariffs imposed by US President Donald Trump, which was seen as a factor supporting global growth.



According to Qatar News Agency, the euro rose 0.4 percent to reach USD 1.1820, and the British pound also climbed by 0.3 percent to USD 1.3516 during the Asian trading session, which was relatively quiet due to a holiday in Japan and Lunar New Year celebrations in China.



In contrast, the dollar retreated 0.4 percent against the Japanese yen to reach JPY 154.40, and the New Zealand dollar recorded a slight increase, while the Australian dollar edged lower to USD 0.7070.



As for the Swiss franc, considered a safe-haven currency, it rose notably by 0.5 percent to reach 0.7727 against the dollar.