US Dollar Rises on Trump’s Fed Reassurance and Trade Optimism, Boosting Market Sentiment and Stock Futures

The US dollar witnessed a resurgence fueled by President Trump’s remarks addressing concerns about Federal Reserve independence and potential trade resolutions with China. Trump’s assurance regarding Jerome Powell’s position and hints at reduced tariffs, subject to successful negotiations with Beijing, boosted market sentiment. As a result, the dollar index climbed, and major stock futures saw substantial increases. This development indicates a positive shift in the economic landscape, with potential implications for global markets.

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