Netherlands International: Dollar Could Fall Due to Supreme Court Ruling

ING analyst Chris Turner said in a webinar that the dollar could fall if the Supreme Court rules that there are questions about the legality of Trump's use of emergency powers to impose sweeping tariffs. He believes that this decline is mainly achieved through the potential impact on the U.S. bond market. He said the loss of tariff revenue could lead to a sell-off in long-term Treasury bonds. A pause in tariffs would also benefit the rest of the world, thereby supporting other currencies. However, he added that Trump may find other avenues to impose tariffs.