On Monday, the US Dollar experienced a significant drop, falling nearly 1% against major currencies like the Euro and Pound Sterling. This decline follows a report from the Washington Post, speculating that President Trump might consider reducing tariffs specifically targeting certain sectors.

Such political developments introduce volatility into the market, making it essential for traders to stay aware of news that can impact currency values. As the situation evolves, keeping an eye on further announcements can help traders anticipate market movements effectively. This environment could create both risks and opportunities for forex market participants.