From Yahoo Finance: 2025-04-09 22:14:00

The U.S. dollar weakened against major currencies after Trump’s tariff reversal. Chinese import duties raised to 125%, total U.S. tariffs now 145%. Dollar rebounded against yen and Swiss franc but dropped 2% against yen and 3.6% versus Swiss franc. S&P 500, Dow, Nasdaq fell. U.S. consumer prices fell in March. Labor Department data shows unexpected drop in U.S. consumer prices in March. Treasury yields fell after solid 10-year note auction. European Commission pauses countermeasures against U.S. tariffs. Euro up 2.47% at $1.1221, pound up 1.13% at $1.29720. Australian dollar and Swedish crown also stronger. China’s central bank cuts yuan rate for sixth straight trading session. Dollar weakens to 7.307 yuan against offshore yuan. Market requires higher U.S. interest rate premium to stay long dollar.

Read more: Dollar hits 10-year low against Swiss franc as markets digest trade war drama