The U.S. Dollar retreated on Monday as traders interpreted the U.S. Supreme Court's decision to strike down President Donald Trump's tariffs as a boost for global growth. However, market participants remained cautious due to the persistent risks surrounding the Iranian file.
اضافة اعلان
Currency Performance
Euro: Rose 0.4% to $1.1820.
British Pound: Increased 0.3% to $1.3516.
Japanese Yen: The dollar fell 0.4% to 154.40 yen.
Swiss Franc (Safe Haven): Surged 0.5% to 0.7727 per dollar.
New Zealand Dollar: Saw a slight increase.
Australian Dollar: Dipped slightly to $0.7070.
The Asian trading session saw limited volatility due to a public holiday in Japan and Lunar New Year celebrations in China.
The Legal and Political Context
On Friday, the Supreme Court concluded that the sweeping tariffs imposed by Trump exceeded his presidential authority. Trump responded with sharp criticism of the court and immediately imposed a broad 15% tariff on imports, insisting on maintaining high-tariff agreements with trading partners.
Geopolitical Factors
In addition to the tariff fallout, global markets are closely monitoring the U.S. military buildup in the Middle East and the escalating pressure on Iran regarding its nuclear program. Investors are also anticipating President Trump’s State of the Union address, scheduled for Tuesday.
— Reuters
