Reported about 9 hours ago
As President Trump's tariffs take effect, major Wall Street banks like Goldman Sachs and JPMorgan Chase predict a significant rise in the US dollar's value. Despite concerns over a potential global trade war, the dollar is seen as a safe haven, with expectations it may strengthen against currencies such as the euro and Canadian dollar. Analysts believe the tariffs could lead to a decline in foreign currencies and bolster US inflation and interest rates, maintaining the dollar's appeal in uncertain times.
Source: YAHOO