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Dollar Gains Ground Ahead of Critical Trade Policy Announcements

The U.S. dollar strengthened slightly on Monday as markets await clarity on President Trump’s tariff plans.

A 90-day moratorium on “Liberation Day” tariffs ends Wednesday, with higher rates set to take effect August 1. Trump announced he’ll name about a dozen countries receiving letters with increased levies and threatened an additional 10% tariff on BRICS-aligned nations.

Despite the dollar’s recent gains, it remains near multi-year lows, having declined 10% this year as investors question its safe-haven status.

Original Source: Reuters

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