Dollar Soars Amid US-EU Trade Agreement

The dollar has surged against major currencies, including the euro and yen, following a trade agreement between the United States and the European Union. This deal, negotiated by U.S. President Donald Trump and European Commission President Ursula von der Leyen, sets a 15% import tariff on EU goods, mitigating the threat of a global trade war.

Investor sentiments remain cautiously optimistic as the dollar rose against the Swiss franc and Japanese yen, marking significant gains. The euro saw its most substantial daily drop since May, revealing investor focus on the impact of easing trade tensions on the dollar's strength globally.

Attention now turns to upcoming central bank meetings in the United States and Japan, along with corporate earnings from major tech giants like Apple, Microsoft, Amazon, and Meta Platforms. These factors are likely to further influence investor decisions and currency market dynamics.

(With inputs from agencies.)