Dollar struggles to rise due to tariffs

The dollar struggled on Wednesday to rise from a five-month low against major currencies as concerns about the U.S. economy mounted in light of President Donald Trump’s unpredictable trade policies.

The dollar index, which measures the currency’s performance against six major currencies, rose 0.08% to 103.53 in Asian trading hours, a day after falling 0.46%, which pushed it to its lowest level since October 16 at 103.21.

The U.S. currency rose 0.1% to 7.2335 against the yuan in offshore trading.

The dollar rose 0.14% to 147.99 yen. The dollar was steady at 1.4444 Canadian dollars.

The euro fell 0.13% to $1.0905, but remained close to the previous session’s high of $1.0947, its highest level since October 11.

The British pound fell 0.13% to $1.2931.