U.S. dollar jumps amid geopolitical concerns
Contributed by NAMPA / Xinhua.
NEW YORK, Aug. 10 (Xinhua) -- The U.S. dollar index surged against most other major currencies in late trading on Friday, as U.S. President Donald Trump authorized doubling of the tariffs on steel and aluminum products from Turkey to 50 percent and 20 percent respectively.
Tensions ramped up between the two countries over the detention of an American pastor by Turkey. Trump tweeted Friday that the U.S.-Turkey ties "are not good at this time!".
Trump added that the Turkish currency Lira "slides r ...