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Dollar retreats amid renewed trade uncertainty; euro, sterling edge higher
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Dollar retreats amid renewed trade uncertainty; euro, sterling edge higher

#US dollar #trade tariffs #currency markets #Supreme Court #Donald Trump #euro #sterling #nuclear talks

📌 Key Takeaways

  • US dollar retreated 0.3% amid trade uncertainty
  • Supreme Court ruled Trump's tariffs exceeded presidential authority
  • Trump responded with blanket 15% import levy
  • Euro and sterling gained against the dollar

📖 Full Retelling

The US dollar retreated Monday amid renewed uncertainty over President Donald Trump's trade tariffs following a Supreme Court ruling that his previous tariffs exceeded presidential authority, with markets also reacting to ongoing nuclear negotiations between the US and Iran as the greenback fell against the euro and sterling. At 04:15 ET (09:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% lower to 97.487, having last week recorded a weekly gain of around 1%, its strongest performance in more than four months. The Supreme Court found on Friday that Trump's sweeping tariffs exceeded his authority, prompting the US president to lash out at the court and impose a blanket 15% levy on imports, creating additional confusion in global trade relationships. Markets remain cautious as Trump's replacement levies run for 150 days and it remains unclear if the US owes importers refunds on duties already paid, with analysts noting this could result in years of litigation while Trump seeks more permanent solutions. Beyond trade tensions, traders are monitoring a US military buildup in the Middle East as it pressures Iran to drop pursuit of nuclear weapons, with the US and Iran expected to hold more talks later in the week.

🏷️ Themes

Trade Policy, Currency Markets, Geopolitics

📚 Related People & Topics

Supreme court

Supreme court

Highest court in a jurisdiction

In most legal jurisdictions, a supreme court, also known as a court of last resort, apex court, high (or final) court of appeal, and court of final appeal, is the highest court within the hierarchy of courts. Broadly speaking, the decisions of a supreme court are binding on all other courts in a nat...

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United States dollar

United States dollar

Currency of the United States

The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in ...

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Donald Trump

Donald Trump

President of the United States (2017–2021; since 2025)

Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Born into a wealthy New York City family, Trump graduated from the...

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Mentioned Entities

Supreme court

Supreme court

Highest court in a jurisdiction

 United States dollar

United States dollar

Currency of the United States

 Donald Trump

Donald Trump

President of the United States (2017–2021; since 2025)

Deep Analysis

Why It Matters

The dollar's retreat reflects renewed uncertainty about global trade policies following Trump's Supreme Court defeat and new tariff measures. This impacts currency markets and international trade relationships, with potential long-term implications for global economic stability.

Context & Background

  • Supreme Court ruled Trump's tariffs exceeded authority on Friday
  • Trump responded with blanket 15% import levy
  • Eurozone business activity accelerated faster than forecast
  • German Ifo business climate index rose to 88.6
  • U.S. and Iran nuclear talks expected later this week

What Happens Next

Markets will watch for developments in U.S.-Iran nuclear talks and the implementation of new tariff measures. The Bank of England Governor's testimony and UK by-election results could influence sterling direction later this week.

Frequently Asked Questions

Why is the dollar retreating?

The dollar is retreating due to trade uncertainty after Trump's Supreme Court defeat and new tariff measures, combined with reduced geopolitical tensions as no military strike occurred against Iran.

Which currencies are benefiting from dollar weakness?

The euro and sterling are edging higher, with EUR/USD up 0.3% and GBP/USD gaining 0.2%, while the yen also strengthened due to its safe-haven status.

What was the Supreme Court ruling about?

The Supreme Court found on Friday that Trump's sweeping tariffs exceeded his authority, leading to his imposition of a blanket 15% levy on imports.

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Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump’s 15% global tariff; Waller to speak; oil drops - what’s moving markets Can gold rise to new highs above $5,600 in 2026? Bitcoin slips after earlier gains amid tariff volatility Bull vs. bear argument on Friday’s Supreme Court tariff ruling (South Africa Philippines Nigeria) Dollar retreats amid renewed trade uncertainty; euro, sterling edge higher By Peter Nurse Author Peter Nurse Currencies Published 02/23/2026, 04:15 AM Dollar retreats amid renewed trade uncertainty; euro, sterling edge higher 0 Euro US Dollar 0.23% British Pound US Dollar 0.21% US Dollar Japanese Yen -0.23% DX -0.23% Investing.com - The U.S. dollar retreated Monday amid renewed uncertainty over U.S. President Donald Trump’s trade tariffs ahead of more nuclear talks between the U.S. and Iran. At 04:15 ET (09:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% lower to 97.487, having last week recorded a weekly gain of around 1%, its strongest performance in more than four months. Subscribe to InvestingPro for more foreign exchange analysis Trade uncertainty hits greenback The Supreme Court found on Friday that Trump’s sweeping tariffs exceeded his authority, and the U.S. president responded by lashing out at the court and imposing a blanket 15% levy on imports. “This means that the likes of China and Brazil could get lower tariff rates, but countries such as the U.K. and Australia would lose the advantage of their 10% negotiated deals,” said analysts at ING, in a note. “Needless to say, many are now reviewing their trade deals with the U.S., the most important of which is probably the EU.” Trump’s replacement levies run for 150 days and it is not clear if the U.S. owes importers refunds on duties already paid, with the Supreme Court making no ruling on that issue. This could result in years of litigation and more confusion while Trump seeks other means to replace the raft of glo...
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