Dollar Rises Amid Global Trade Tensions

The dollar experienced a slight rebound due to increased U.S. Treasury yields, amidst a fluctuating market affected by global trade tensions and U.S. inflation concerns. President Trump's tariff threats on the EU and responses from U.S. trading partners have created significant volatility in the foreign exchange markets.

The dollar showed signs of recovery on Thursday, bolstered by a rise in U.S. Treasury yields, despite persistent uncertainties stemming from escalating global trade tensions.

On Wednesday, President Trump heightened economic stakes by threatening additional tariffs on European Union goods. This move, compounded by reactions from major U.S. trading partners, has led to increased volatility in global markets.

Nevertheless, the market remained relatively calm during early Asian trading, with the dollar registering a slight increase against the yen and other currencies. While U.S. inflation data provided brief relief, concerns over the broader economic impact of trade policies linger.

(With inputs from agencies.)