Reported 1 day ago
The dollar surged against several major currencies following U.S. President Donald Trump's announcement of upcoming tariffs on steel and aluminum imports, which raised concerns about inflation and its potential impact on Federal Reserve policies. This move attracted a renewed interest in the dollar as a reserve currency, with the euro and currencies of Canada, Norway, and Australia experiencing declines. Analysts noted that ongoing tariff conversations could lead to persistent inflation and further strengthen the dollar.
Source: YAHOO