Reported 23 days 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