Dollar Falls as Markets React to U.S. Tariff Ruling
The U.S. dollar (USD) fell against its major trading partners in the forex market, halting the greenback’s successive recovery amidst reaction to the Supreme Court tariff ruling.
The euro edged toward $1.18, recovering from its weakest level in a month, as the US dollar weakened following the US Supreme Court’s decision to overturn President Donald Trump’s broad emergency tariffs.
Investors also digested stronger-than-expected eurozone PMI data, which showed private-sector activity expanding at its fastest pace since November. Manufacturing growth surged at the sharpest rate since August 2025, while services activity also strengthened.
Markets also noted ECB President Christine Lagarde’s remarks to The Wall Street Journal, in which she confirmed she intends to complete her term and dismissed earlier speculation about an early…
