Dollar resumes its climb against still-uncertain backdrop
Good morning. The dollar is advancing against most of its major counterparts and measures of implied currency volatility are tracking near historic norms as foreign exchange traders downplay tariff risks and shrug off signs of a shift in investor sentiment around the US technology sector. US Customs began collecting a 10-percent tariff on goods not covered by exemptions this morning—below the 15 percent threatened by President Trump in a weekend social media post. The White House reportedly remains committed to the higher levy, which would raise import costs on products from a number of key trading partners including Japan, the...