US Dollar Index Rises After Appeals Court Temporarily Stays Tariff Ban

US Dollar Index Rebounds Modestly as US Appeals Court Stays Tariff Ban

US Dollar Gains Support Following Temporary Stay on Tariff Injunction

The US Dollar Index (DXY) modestly rebounded on Friday, climbing to around 99.50 during European trading. The recovery comes after a sharp sell-off overnight, fueled by investor uncertainty about the future of US tariffs imposed by President Donald Trump on multiple trading partners.

US Appeals Court Temporarily Stays Lower Court’s Tariff Injunction

Investors reacted positively as the Federal Appeals Court in Washington issued a temporary stay on the International Trade Court’s injunction that had struck down several tariffs related to fentanyl, border security, and trade issues. This ruling reverses Wednesday’s lower court decision that had favored local small businesses challenging the tariffs, citing serious economic impacts.

White House Signals Commitment to Maintain Tariffs Ahead of US PCE Data

The White House has indicated it will find ways to keep tariffs in place despite legal hurdles. Market participants remain cautious ahead of the upcoming US Personal Consumption Expenditures (PCE) Price Index data release for April, a key inflation indicator closely watched by traders.

Internal Linking Suggestions for Tredu.com

• Learn more about the US Dollar Index and its movements: US Dollar Index Analysis
• Understand the impact of tariffs on forex markets: Tariffs and Forex Trading
• Stay updated on US inflation and PCE data: US PCE Inflation Overview