The US dollar strengthens broadly amid failed US-Canada trade negotiations and heightened sanctions on Iran, pressuring markets.
The US dollar climbed against most major currencies as US-Canada trade talks collapsed and Washington intensified economic pressure on Iran. Equity markets showed mixed performance, while bond yields and oil prices declined amid the uncertainty.
Trade negotiations between the US and Canada broke down, raising concerns over further escalation in tariffs or trade barriers. Meanwhile, the US moved to tighten sanctions on Iran, aiming to restrict its oil exports and economic activity.
Investors reacted cautiously, with safe-haven assets like bonds gaining while risk assets remained volatile. The dollar’s strength reflected its status as a preferred refuge amid geopolitical tensions.