The dollar firmed marginally, and other currencies held tight ranges in Asian Market opening trades today as traders anxiously awaited details of U.S. President Donald Trump\'s tariff plans later in the day that could set the tone for markets in the near term. Trump has for weeks trumpeted April 2 as \"Liberation Day\", and White House spokeswoman Karoline Leavitt said reciprocal tariffs on countries that impose duties on U.S. goods would take effect immediately after Trump\'s announcement. Markets are going to be jittery ahead of the announcement. Sentiment is going to be driven by any further tariff headlines and in turn that will drive the currency to move ahead of the big announcement. The dollar rose marginally against a basket of currencies to 104.25. In some of the major currencies today, against the yen, the dollar rose 0.15% to 149.85. The euro last bought $1.0792 while sterling steadied at $1.2924, both changed a little ahead of a White House Rose Garden announcement that will likely see the imposition of dramatic new duties that could upend the global trade system. The Indian rupee opened weaker with a huge gap of almost 21 paise at 85.68/69 against its previous session’s close of 85.47/48 and is expected to trade between 85.60 – 85.90 band today.
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