Currencies

(This Feb. 4 story has been refiled to reflect the day's closing report)By Stephen CulpNEW YORK (Reuters) - U.S. stocks rallied on Tuesday, while gold reached new highs as global trade jitters kept investors guessing.All three major U.S. stock indexes gained momentum after last-minute negotiations resulted in one-month reprieves on President Donald Trump's 25% levies against Canada and Mexico.But safe-haven investors continued to favor gold after a 10% tariff against China went into effect. That tariff prompted Beijing to announce its own retaliatory tariffs against U.S. energy exports and expand...

The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11% to 109.58, pressuring the currencies in the region. The Chinese offshore yuan dropped 0.36% to 7.347. The Indian rupee fell to a record low of 87.101 against the dollar. Asian currencies weakened sharply Monday as the U.S. Dollar rallied after U.S. President Donald Trump slapped tariffs on several countries over the weekend. The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11%...