TOKYO — Asian currencies depreciated against the dollar on Tuesday morning after U.S. President Donald Trump sent letters to the nation’s top allies notifying them of their new tariff rates.
The Japanese currency extended losses early in the day after weakening around 1% against the dollar to the 146-yen level in New York trading. The yen slid to a year-low against the euro at 171.40, down around 0.5%. The South Korean won fell around 1% against the greenback before paring losses.
