Analysts: Trump's new tariff remarks and upcoming holidays have triggered a new round of dollar selling
2025-05-23 12:23:31
Analysts said the resurgence of Trump's tariffs triggered a sell-off in the dollar, which was also dragged down by lower Treasury bonds and global yields. Safe haven assets rallied after Trump threatened to impose tariffs on Apple and then talked about imposing tariffs on the European Union from June 1, as safe haven demand quickly increased under the new tariff threat. Analysts said Trump's tariff threat on the European Union has awakened the bears of the euro against the dollar, and the dollar bears are likely to further strengthen on Friday.
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