US Supreme Court Strikes Down Trump Tariffs, Triggering Broad US Dollar Retreat

The U.S. Supreme Court has issued a landmark ruling striking down trade tariffs previously imposed by the Trump administration, sparking significant market volatility. Following the announcement, the U.S. Dollar retreated sharply from its session highs as investors reassessed the outlook for American trade policy. The USD/CAD pair faced substantial selling pressure, while the greenback also weakened against other major currencies including the EUR, GBP, and JPY. Analysts suggest that the legal rejection of these protectionist measures reduces the trade-related support that had previously bolstered the dollar's strength. This shift in policy expectations is likely to impact long-term inflation forecasts and international trade dynamics. Consequently, the sudden reversal of these measures has triggered a corrective sell-off across global foreign exchange markets.