11:41 - 2.06.2025

---

June 2, Fineko/abc.az. During today's trading, the US dollar is getting cheaper against the euro, pound and yen.

Pressure on the dollar is exerted by rising trade tensions following the announcement by U.S. President Donald Trump of his intention to raise duties on steel and aluminum imports to the U.S. from June 4 up to 50% from the current 25%.

ABC.AZ informs that in addition, Trump accused China of violating the trade agreements concluded with the U.S. in Geneva. Beijing denies the accusations, and traders fear that negotiations between the two countries could become complicated.

DXY index calculated by ICE, which shows dynamics of the dollar relative to six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is losing 0.13%, while broader WSJ Dollar Index is losing 0.25%.

As of 10:01 a.m., the euro was offered at $1.1379, compared with $1.1347 at the close of the previous session. The value of the pound to the dollar grew at the same time up to $1.3503 against $1.3459.