Reported 1 day ago
In his first full day of trading during his second term, President Trump adopted a cautious approach to tariffs, which positively impacted investor sentiment, causing a steep decline in the dollar and a rise in stock markets. Trump delayed imposing new tariffs on trade partners like China, Canada, and Mexico, leading to a significant 1% drop in the dollar index, while Asian markets showed strong gains. This shift comes amid market anticipation of forthcoming policy changes from the new administration and volatility in crude oil and cryptocurrency prices.
Source: YAHOO