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US dollar retreats from 2-year highs as Trump's 'shock-and-awe' trade policy looks to be 'more measured'
The US dollar on Tuesday traded near the lows it experienced the day prior as investors weighed the latest tariff talk from President Trump. On Monday, the dollar index experienced its largest drop since November 2023, retreating from near two-year highs as the president refrained from enacting broad-based tariffs on his first day in office. The move surprised investors, as an emergency order would have allowed immediate tariff increases in contrast to the alternative process of investigations, which is likely to take longer to complete. Instead, Trump issued a memorandum on Monday directing federal agencies to ... (full story)