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4/4/25, 9:06 AM Al Ansari Exchange is closely monitoring global currency markets following the recent US tariff announcements - Middle East News 2…
Al Ansari Exchange is closely monitoring global currency markets
following the recent US tariff announcements
By News Desk 1 03/04/2025
The US administration’s April 2 tariff measures, which include a 10% baseline tariff on imports with higher rates applied to specific
countries, have contributed to a weakening of the US Dollar against several major currencies. This shift presents both challenges and
opportunities for individuals and businesses across the UAE.
The depreciation of the US Dollar against currencies like the Euro, Japanese Yen, and Chinese Yuan may pose challenges for UAE
residents sending remittances to countries with strengthening currencies.
Conversely, the Indian Rupee (INR) has declined against the US Dollar following the recent tariff announcements. In early morning trade
on April 3, 2025, the INR weakened by 24 paise against the US Dollar. The same depreciation was also seen against other Asian
currencies such as the Pakistani Rupee and the Philippine Pesos. This development comes to the benefit of the UAE residents remitting
funds to India, as favourable exchange rates may enhance the overall value received.
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