With traders reacting to the latest news on the trade front, the value of the U.S. dollar has shown a significant move to the upside during trading on Tuesday.
Currently, the greenback is trading at 106.67 yen compared to the 105.30 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.1172 compared to yesterday's $1.1214.
The jump in the value of the dollar came after U.S. Trade Representative Robert Lighthizer offered a temporary reprieve from concerns about the U.S.-China trade war by announcing a delay in imposing new tariffs on certain Chinese products.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.