Dollar Gains as Courts Challenge Trump Tariffs; Crypto Markets Show Resilience
The dollar staged a modest rally after a federal trade court ruled that former President Donald TRUMP exceeded his authority in imposing broad tariffs. The decision, now under appeal, temporarily eased trade tensions, allowing the greenback to climb 0.34% against the yen and Swiss franc. The U.S. dollar index reclaimed the 100 level for the first time in a week, though analysts remain skeptical of a sustained rebound amid looming legal battles.
Cryptocurrencies exhibited notable stability during the currency fluctuations, with no major digital assets reacting sharply to the court’s tariff ruling. This detachment underscores crypto’s evolving role as a non-correlated asset class during traditional market volatility. Market participants continue to monitor macroeconomic developments, but digital assets appear focused on sector-specific catalysts rather than fleeting geopolitical headlines.