The dollar weakened following the U.S. Supreme Court's cancellation of Trump's tariffs and the president's commitment to continue trade tensions, albeit with reduced tariff rates.
The recent decision by the U.S. Supreme Court to cancel tariffs imposed by former President Trump has negatively impacted the strength of the dollar. This comes at a time when President Trump has announced plans to increase a temporary tariff on imports from all countries from 10% to 15%, the highest rate allowed under U.S. law. The euro gained 0.23% to $1.1807, the Japanese yen strengthened 0.43% to $154.41, and the British pound rose 0.27% to $1.3519 against the dollar. This suggests a broader trend of increasing currency strength against the dollar amid ongoing trade tensions.
