The US Dollar Index is showing strength, trading near 97.85. Investors appear to be looking past the US Supreme Court’s ruling against President Trump’s tariff policy. Trade uncertainty remains a key factor, with the threat of additional tariffs looming if countries don’t adhere to trade agreements. Federal Reserve officials’ comments are also being monitored.
- The dollar index climbed above 97.8.
- FedEx filed a lawsuit seeking a refund after the US Supreme Court struck down President Trump’s emergency tariffs.
- Trump threatened to lift global tariffs from 10% to 15% in response to the ruling and cautioned that countries that “play games” with existing trade agreements could face steeper duties.
- Markets remain focused on renewed talks between the US and Iran scheduled for Thursday.
- Fed’s Waller supports holding interest rates steady in the March policy meeting.
Overall, the dollar’s performance seems tied to trade policy developments and potential Federal Reserve actions. The possibility of increased tariffs creates an environment of uncertainty that could influence the dollar’s value. Geopolitical events, like the US-Iran talks, also contribute to market sentiment surrounding the currency.