The US dollar gained against most currencies due to safe haven flows as President Trump threatened more tariffs on trading partners. Trump also attacked Fed Chair Powell again and called for lower interest rates. Traders are eyeing tomorrow’s US CPI data for inflation risks. Wall Street indices slid on Friday, gold rose, and Bitcoin hit a new record high. Investors remain cautious about global trade tensions and are watching for potential impacts of Trump’s tariff threats. Gold prices may continue to rise, while Bitcoin is driven by institutional buyers during ‘Crypto Week.’
Read more at Investing.com: US Dollar Rises as Trump’s Tariff Threats on Mexico and EU Shake Markets