Banks
US President Trump: We will be reasonable on tariffs
US President Donald Trump said the US will be reasonable on tariffs, adding that markets are adjusting to tariff policy. He also said Iran’s situation is going well and floated a potential interim deal with Iran.
Market’s reaction to Trump’s headlines
The US Dollar Index (DXY), which tracks the performance of the American currency against a basket of six other currencies, edged up 0.29% at 99.57. US equity indices turned optimistic, with the S&P 500 up 0.60% at 5,523 and the Dow Jones Industrial Average (DJIA) pairing losses up 0.10% at 40,122.