Trump’s TRADE Policies SPARK Dollar Hedge Surge to 5-Year High
— Demand for hedging against a potential decline in the US dollar has surged to a five-year high. Traders are reacting to the Trump administration’s tariff policies, which they believe could weaken America’s economic strength. This uncertainty has prompted investors to seek protection against possible currency fluctuations.
Meanwhile, gold prices have retreated from record highs after initially climbing due to confusion over Trump’s trade agenda. The precious metal was seen as a safe haven amid market volatility but faced selling pressure as traders reassessed their positions. The US dollar’s resilience also contributed to gold’s pullback from its peak of $3,245.
In other financial news, spot Bitcoin ETFs have seen significant withdrawals amid ongoing trade tensions, indicating a move away from riskier assets. Over $713 million was pulled out in just one week, reflecting investor caution during uncertain times. Additionally, Nvidia shares dropped 25% from their 52-week high despite an initial surge following Trump’s announcement of a temporary pause on tariffs.
The Bank of Thailand plans new regulations holding financial institutions accountable for losses due to call center scams. These measures aim to enhance customer protection and ensure service providers share responsibility if they fail regulatory standards. This move underscores global efforts to tackle technology-related financial crimes and protect consumers’ interests in an increasingly digital world.