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USD Index Dips 0.4%, DJIA Futures Dive 257 Pts, as US Trade Policy Risks Heighten
Recommend 3 Positive 3 Negative 5 |
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Following the US Supreme Court's overturning of US President Donald Trump's tariff policy, Trump immediately announced a 15% global tariff hike, casting a shadow over the US economy and global trade outlook. The market is weighing how US trade partners will respond to these tariffs. The USD Index last dipped 0.4% to 97.42. US stock futures were also under pressure, with DJIA futures last down 0.5% or 257 points, at 49,417; S&P 500 and Nasdaq futures also down 0.62% and 0.82%, respectively. Goldman Sachs, in its report, said that the broad decline in the USD may reflect new policy uncertainties wrought by the US Supreme Court's decision. Policy uncertainty is particularly imperative for the USD trend and will have a negative impact on investors and business activities. AASTOCKS Financial News Website: www.aastocks.com |
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