The euro and yen steadied against the dollar on Thursday, after U.S. officials s...
TOKYO - The euro and yen steadied against the dollar on Thursday, after U.S. officials said President Donald Trump was expected to delay implementing tariffs on imported cars and parts by up to six months to give trade negotiators more time.
The euro was 0.1% higher at $1.1208 , having bounced overnight from a one-week low of $1.1178. The single currency was initially hit as Italy’s Deputy Prime Minister Matteo Salvini criticized European Union rules for the second day. The greenback had retreated to a low of 109.150 against the safe-haven yen on Wednesday as U.S. yields slid on weak U.S. April retail sales and industrial output data. China also reported surprisingly weaker growth in retail sales and industrial output for April, and the discouraging data from the world’s two largest economies made investors more wary of riskier assets.
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