On Monday, global markets faced renewed turmoil following the U.S. Supreme Court's ruling to overturn reciprocal tariffs imposed by former President Donald Trump. This decision, along with Trump's recent move to raise tariffs globally to 15%, has triggered a wave of uncertainty, prompting investors to reduce their exposure to high-risk assets. Consequently, there has been a revaluation of the dollar, stocks, cryptocurrencies, and oil prices, creating a ripple effect across financial markets.

The dollar experienced a decline as American stock futures fell, spurred by concern over Trump's tariff plans, which have created anxiety about policy direction in Washington and the appeal of U.S. assets. The U.S. Dollar Index, which charted its performance against six major currencies, saw a 0.3% dip to 97.5, compounding its losses from the previous Friday amidst thin trading conditions, particularly as markets in Japan and China were closed for holidays. Meanwhile, the Swiss franc, yen, and euro gained against the dollar following the Supreme Court's decision regarding the tariffs.

Notably, the uncertainty in international markets reflects broader implications beyond just currency fluctuations; it also raises questions about future trade policies and their potential impact on global economic stability. As investors navigate the shifting landscape of tariffs and trade relationships, the fallout from these developments may continue to reverberate, influencing everything from corporate earnings to inflation rates in the coming months.