Reported 2 days ago
The dollar surged against major currencies following President Trump's comments about potential tariffs on a wide range of goods, including steel and semiconductors. This increase raised concerns about the impact of protectionist policies on global growth, with the Bloomberg Dollar Spot Index rising by 0.5%. The euro and pound declined as a result, and discussions within Trump's economic team hinted at the possibility of universal tariffs. Despite recent declines in bullish dollar positions, analysts note ongoing uncertainty will continue to drive volatility in currency markets.
Source: YAHOO