The U.S. Dollar dropped on Monday as markets brace for the outlook of Trump’s tariffs

As of now, the U.S. Dollar index stands at 99.15, reflecting a 0.11% drop. This decline coincides with heightened uncertainty regarding potential tariffs imposed by President Trump.

President Trump’s plan to increase tariffs on steel and aluminum has raised concerns, leading to fluctuations in the dollar and negatively impacting S&P 500 and Nasdaq futures.

Analysts indicate negative sentiment around the U.S. Dollar persists amid fiscal policy fears and trade uncertainties, with potential consequences on U.S. Economic growth.