The dollar rose after Trump announced tariffs on Japan and South Korea

The dollar surged after President Trump announced new tariffs on countries like Japan and South Korea. The yen fell 1.09% and the euro slipped to $1.172. Investors fear slow progress on trade deals with the EU. Trump threatens more tariffs on nations aligning with BRICS emerging economies. The dollar index rose to a one-week high of 97.467. Sterling weakened to $1.362 and risk-correlated currencies like the Aussie and Kiwi dollars dropped ahead of central bank decisions. Australia expected to cut rates while New Zealand may hold steady. Policy uncertainty still affects the dollar.

Read more at Yahoo Finance: Dollar rises after Trump announces Japan, South Korea tariffs