The dollar's movements indexed after the imposition of tariffs from Trump

The US dollar index fell to a 6-month low against a basket of major currencies, with the dollar index now trading near the levels of 102.35, after Trump announced the imposition of comprehensive global tariffs.

However we expect it will take some time to see the final impact of these measures on the currency.

The market considered Trump's announcement negative for the dollar because the US real economy is already suffering from pressures, and tariffs may increase these pressures, but tariffs will raise inflation significantly, especially in the United States.

Another issue concerns how other countries will respond to customs duties. These measures include a basic tariff of 10% on all imports, with higher rates imposed on major trading partners, such as China (34%), the European Union (20%), and Japan (24%).

In addition, a 25% tariff on all cars manufactured abroad immediately came into force.

On the other hand, the ADP private sector jobs report was also released yesterday, and its result was more than expected by 155 thousand jobs last month, but the dollar did not react much to these data and attention was on what Trump would impose tariffs, but investors may now turn their attention to the NFP non-farm payrolls report to be released tomorrow, Friday, which may provide a deeper understanding of the next step of the Federal Reserve in its policy.