The US dollar slid sharply late last week due in part to President Trump’s announcement of impending U.S. import tariffs on steel and aluminum, sparking fears of global trade wars on the horizon. On Monday, however, the dollar steadied as markets calmed down and rebounded, and better-than-expected non-manufacturing PMI data from the U.S. indicated continued expansion of the critical services sector. Overall, the US dollar remains weak against its major counterparts, but was in the midst of a tentative rebound prior to Trump’s announcement of tariffs late last week. Against the Australian dollar, the US dollar has ... (full story)