The dollar is rising under Trump's tariff threats, while the euro is near its lowest level in two years. The Indian rupee could fall to an all-time low

The dollar strengthened on Monday after US President Donald Trump announced that he was preparing to impose new 25% tariffs on all steel and aluminum imports, putting pressure on the euro and the Australian and New Zealand dollars, which focus on raw materials, putting pressure on the euro and Australian and New Zealand dollars, which are focused on raw materials. Egrave; res. The dollar index, which measures the value of the American currency in relation to six other currency units, was stable at $108.23 at the start of trading. The pound sterling was little changed at 1.23915

The euro was down 0.1% to $1.0317 in early trading, close to the more than two-year low of $1.0125 hit last week, as investors prepared for the tariffs that Trump has repeatedly threatened to impose on Europe.

The Indian rupee is expected to open lower on Monday, following losses in Asian currencies after US President Donald Trump announced that he would introduce more tariffs.