• Jan 22, 2025

Dollar flat as market awaits tariff direction, central bank decisions

NEW YORK (Reuters) -The dollar was little changed on Wednesday after earlier dipping to a new two-week low, as investors continued to await concrete announcements about U.S. President Donald Trump's tariff plans. Trump said late on Tuesday his administration was weighing imposing a 10% tariff on goods imported from China on Feb. 1, after he earlier said Mexico and Canada could face levies of around 25% by Feb. 1. After hitting a more than two-year high of 110.17 yen last week largely on anticipation of tariffs, the greenback has shown signs of an overcrowded trade reversing on the lack of firm plans from Trump.

  • Jan 22, 2025

Why Dogecoin Is Sinking Today

Dogecoin (CRYPTO: DOGE) is seeing a valuation pullback in Wednesday's trading. The cryptocurrency's token price was down 6.3% over the previous 24 hours as of 1:50 p.m. ET. Dogecoin posted gains Tuesday thanks to its token logo being included on the website for the waste-cutting initiative Donald Trump calls the Department of Government Efficiency (DOGE), but it's losing ground today amid catalysts that are causing investors to become more cautious about some meme coins.