The Dollar edged down on Monday after briefly rising from a three-year low, as doubts persisted among investors about the strength of the world’s reserve currency amid a series of tariff-related announcements from US President Donald Trump.

Markets prepared for another turbulent week as Trump's sudden implementation and then delay of tariffs on imported goods kept investors uncertain.

The Dollar gave up its initial gains as the Asian trading session began, hovering near a 10-year low against the Swiss Franc at 0.8188, Reuters reports.

Whereas the British Pound maintained the bulk of its 1.7% increase from the previous week, trading at $1.3099, while the New Zealand Dollar climbed to a four-month high of $0.5860.

On Sunday, Trump stated he would reveal the tariff rate on imported semiconductors within the coming week, noting that some companies in the industry might be granted leniency.

Earlier, on Friday, the White House had announced exemptions from heavy tariffs for smartphones, computers, and various other electronics, most of which are imported from China. However, Trump later indicated that the exemption would be temporary

“At this point in time ... it's been handled haphazardly, heavy-handedly and with weight, and those measures have created a great deal of uncertainty,” according to IG market analyst Tony Sycamore.

“Those storm clouds, they're still circling, they haven't gone anywhere.”

Elsewhere, the Dollar slipped 0.22% against the Yen, settling at 143.24.

Japan is preparing for trade talks with the United States, which are expected to address the sensitive issue of currency policy. Some Japanese officials are quietly anticipating that Washington may pressure Tokyo to take action to support the Yen.

Indeed, Japanese Economy Minister Ryosei Akazawa stated on Monday that matters related to foreign exchange would be handled directly by Finance Minister Katsunobu Kato and US Treasury Secretary Scott Bessent.

“Markets jumped the gun on pricing in further Yen strength on confirmation that Bessent and Kato will discuss FX,” stated Christopher Wong, OCBC currency strategist.

Furthermore, the Euro held steady at $1.1359, remaining close to Friday’s three-year high, as investors turned to the common currency amid waning confidence in the greenback.

“I think we could see the Euro trading at $1.20 by something like ... end of July, early August,” said IG's Sycamore.