Dollar strengthens due to Trump's trade and foreign policy actions

From Yahoo Finance: 2025-06-26 21:36:00

The dollar rebounded against the euro after Trump announced the end of trade talks with Canada and potential military action against Iran, causing stock prices to drop. The U.S. Treasury Secretary expects trade deals to be finalized by Labor Day. Consumer spending fell in May, with inflation remaining low. Unemployment claims rose, and GDP figures were revised downward. Markets anticipate further rate cuts following Powell’s dovish comments. Speculation about a new Fed chair has weakened the dollar. Republicans face delays in passing a tax-cut bill. The dollar faces challenges due to foreign investor skepticism and Biden’s policies.



Read more at Yahoo Finance: Dollar gains as Trump reignites trade concerns