The US Dollar Index (DXY) moved lower during Wednesday's session, lingering near the 104.00 area after President Donald Trump confirmed sweeping tariffs on global imports.
The initial surge in yields and volatility gave way to a more cautious tone as details revealed a 10% blanket tariff and an additional 25% duty on imported vehicles.
The announcement, while bold, lacked the aggressive edge markets feared, prompting a partial retreat in safe-haven flows.
Source: FXstreet
