Dollar Strengthens as U.S. Tariffs on China Take Effect, Triggering Global Currency Selloff
The U.S. dollar strengthened on Tuesday as tariffs on Chinese imports officially took effect, prompting swift retaliation from Beijing and sparking a selloff in the Chinese yuan, Australian dollar, Canadian dollar, Mexican peso, and euro. Key Market Drivers Currency Performance Market Sentiment and Outlook With escalating trade tensions, investors remain cautious about future negotiations between […]