Dollar gains on Trump tariff threats, euro near 2-year low

The dollar strengthened as President Trump announced plans for new 25% tariffs on steel and aluminum imports, affecting the euro, and the Australian and New Zealand dollars. The move has intensified fears of a global trade war. Market focus is now on U.S. inflation data and the Federal Reserve’s upcoming statements. The dollar strengthened as President Trump announced plans for new 25% tariffs on steel and aluminum imports, affecting the euro, and the Australian and New Zealand dollars. The move has intensified fears of a global trade war. Market focus is now on U.S. inflation data and the Federal Reserve’s upcoming statements.  Economic Times