The euro and the British pound gained due to Europe’s peace efforts in Ukraine, while the Canadian dollar and Mexican peso rose on potential tariff relief. Bitcoin surged as U.S. President Trump announced its inclusion in a new cryptocurrency strategic reserve plan.
Dollar hovers ahead of PCE and tariff onslaught
The dollar is heading for a steady week and next week’s quarterly loss due to concerns over tariffs slowing U.S. growth, affecting yields, stocks, and