Dollar Strengthens as Trump Announces Tariffs

Reported about 18 hours ago

The dollar saw significant gains after President Trump revealed new tariffs ranging from 25% to 40% on several countries, signaling investor confidence in the US economy's resilience against trade disputes. The announcement triggered a decline in foreign currencies, particularly the yen and the won, while the US Dollar Spot Index surged, reflecting a shift in market sentiment despite ongoing uncertainty about economic impacts and potential interest rate adjustments.

Source: YAHOO

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