U.S. dollar rises but remains pressured against peers with tariffs in focus – ThePrint – ReutersFeed
By Chibuike Oguh and Lucy RaitanoNEW YORK/LONDON (Reuters) – The U.S. dollar rose against major currencies including the Swiss franc and the euro on Thursday but still remained under pressure from concerns arising from slowing economic growth and global trade quarrels. U.S. President Donald Trump threatened to impose a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Trump had also on Wednesday threatened to retaliate against the EU’s announcement...