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US dollar rises as markets consolidate positions; outlook remains downbeat

NEW YORK/LONDON (Reuters) -The U.S. dollar rose against most major currencies including the Swiss franc and the euro on Thursday, as investors consolidated positions after selling the greenback for most of this week, but the outlook remained weak amid concerns about slowing growth arising from the Trump administration's trade policies. U.S. President Donald Trump threatened to impose a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Labor Department data on Thursday showed that U.S. producer prices were unexpectedly unchanged on a monthly basis in February, but the prospects of tariffs are unlikely to keep prices down in the coming months.

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After-Hours Trading of US Stocks Has Picked Up Steam in Asia

(Bloomberg) -- Investors in Asia ramped up their trading of US stocks outside of normal market hours last year, according to data from a popular platform, a sign of the increasing shift to all-hours equities trading.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Penns

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Morning Bid: Finally, a bounce on Wall Street. But for how long?

The CPI inflation report overshadowed the latest 'tit for tat' twist in the global trade war - U.S. President Donald Trump said he would slap further tariffs on European Union goods after the EU and other U.S. trading partners said they would retaliate for trade barriers already erected by the U.S. president. "Whatever they charge us, we're charging them," Trump said.

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