Dollar Retreats and Gold Soars on Concern Over US Trade Policies

The dollar index (DXY00) today is down by -0.25%.  The dollar is under pressure today on concern that foreign investors may shy away from dollar assets after President Trump late last Friday signed an executive order raising global tariffs under Section 122 of the Trade Act of 1974 to 15% from 10% that he initially imposed after the Supreme Court struck down his global “reciprocal” tariffs.  Losses in the dollar are limited after the Jan Chicago Fed National Activity Index rose more than expected to a 9-mo ...