image: Reuters

Currencies: Dollar pulls back from 2018 high after fresh tariff threats, dovish Fed minutes

May 24, 2018

The U.S. dollar declined on Thursday, pulling back from a 2018 high on renewed trade-war jitters after the Trump administration said it was investigating whether to slap import tariffs on cars.

Meanwhile, the British pound gained strength on the back of better-than-expected retail sales data, while the Turkish lira resumed its selloff even after the country’s central bank hiked interest rates.

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