The dollar rose on Tuesday after falling to its lowest level in more than two months at the beginning of the week, supported by a surge in treasury yields following comments from President Donald Trump that tariffs on Mexico and Canada will be implemented. Oil prices surged amid falling supply due to American sanctions against Iran, while gold approached historical highs, despite the strengthening of the dollar following the renewed implementation of Trump’s tariffs.
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"Given the scarcity of formulation of coalition government in Germany after the victory of conservatives in the latest elections in the country, future growth of the euro is unlikely to be stable," experts reported.
The dollar's rise pulled the euro away from a monthly maximum at 1.0461 dollars.
