Dollar Rebounds Amid Resurfacing Trade Tensions
The U.S. dollar rebounded after trade tensions resurfaced following President Trump's threat to raise tariffs on European automobiles up to 25%. The dollar initially fell due to lower crude oil prices and weaker-than-expected April ISM manufacturing data, but recovered as geopolitical tensions with Iran increased demand for the dollar as a safe-haven asset.
Topics: dollar fed_policy geopolitical_tensions tariffs