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Wall Street: Trump's tariffs weaken the dollar's Global status, and the damage may be difficult to reverse.
Due to renewed market concerns over trade tensions, the USD saw a significant drop on the 16th. The USD index, which measures the dollar against six major currencies, fell by 0.83% that day, closing at 99.385 in the forex market. Monex USA, a forex brokerage firm, stated on the morning of the 16th that the dollar declined as trade tensions raised concerns. The euro continues to benefit from the difficulties in the US economy. Regarding the future trend of the dollar, some viewpoints on Wall Street suggest that President Donald Trump's aggressive approach to implementing his tariff agenda could have lasting effects on the US market. Specifically, the dollar is seen as a reliable 'safe haven.'
With 72% Institutional Ownership, International Bancshares Corporation (NASDAQ:IBOC) Is a Favorite Amongst the Big Guns
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