Reported 1 day ago
The U.S. dollar fell to its lowest in six weeks due to renewed trade tariff worries and geopolitical tensions as markets reacted to President Trump's plan to double tariffs on steel and aluminum. The euro surged despite impending interest rate cuts from the European Central Bank, while oil prices jumped as OPEC+ maintained production levels. The ECB faces a dilemma with a strengthening euro amid fears of capital flight from the U.S. and potential disinflationary effects.
Source: YAHOO