The dollar fell and global stock markets are holding up despite President Trump announcing his plan to impose reciprocal tariffs on trading partners.
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EURUSD rose to near 1.0440 as the US dollar declined in Thursday’s European session, with the DXY Dollar Index, which tracks the greenback’s value against six major currencies, falling to near 106.90. The dollar appears to have resumed its downside journey after a mild recovery earlier this week despite President Donald Trump’s tariffs agenda continuing to keep investors on their toes. Till now, the US president has imposed 25% tariffs on steel and aluminium, 10% on all imports from China, and has threatened to introduce reciprocal tariffs, with a 25% levy on automobiles, semiconductors and pharmaceuticals by April. Trump has mentioned that he
The dollar fell and global stock markets are holding up despite President Trump announcing his plan to impose reciprocal tariffs on trading partners.
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