The dollar drifted slightly higher on Wednesday in indecisive trading as a lack of clarity on President Donald Trump's plans for tariffs kept financial markets guessing. Trump said late on Tuesday that his administration was discussing imposing a 10% tariff on goods imported from China on Feb.

Trump underscored his intention to use tariffs as a tool of international economic policy and an increasingly vital source of government revenue.

Trump was quoted saying his team was thinking of tariffs around 25% which could be announced on Feb. 1 but offered no other specifics.