Dollar strengthens, stocks rise, cryptos surge despite trade tensions

Trump continues to escalate trade tensions, threatening Canada with 35% tariffs and hinting at tariffs for the EU. Negotiations with Canada are not progressing well, with tariffs currently at 25%. Trump’s tactics are causing concern among investors, who hope for a breakthrough with the EU. Despite this, the Euro and Pound remain steady, while the Loonie and Yen decline. Gold prices rise amid trade uncertainty, while oil stabilizes after a drop. The S&P 500 hits a record high, European stocks stumble, and cryptocurrencies surge, with Bitcoin hitting a new record.

Read more at Investing.com: US Dollar Gains, Stocks and Crypto Rally Despite Rising Trade Tensions