The U.S. tariff hikes continue to fuel concerns over global trade tensions.

However, the decision to postpone the 25% import tariff on goods from Canada and Mexico for one month has temporarily eased tensions.

The resurgence of U.S. inflation has led investors to speculate that the Federal Reserve may delay interest rate cuts. As a result, risk assets have been sold off, and the U.S. dollar has strengthened once again.

Source: Fxstreet