The US dollar surged across the board following a significant legal ruling. A U.S. federal court blocked the majority of President Trump’s tariffs, referred to as the “Liberation Day” tariffs. The ruling stated that Trump exceeded his authority in imposing these tariffs.

The USD rose sharply after the court’s announcement, particularly in comparison to safe-haven currencies like the Japanese yen (JPY) and the Swiss franc (CHF). Investors reacted positively, driving the USD to new heights in the forex market. Trump’s potential avenues for appeal remain open, adding another layer of complexity to the situation.

The increase in the USD is significant news for traders and market watchers. With the outlook of the tariffs being uncertain, market dynamics may shift in favor of the US currency. As the situation develops, it is crucial for investors to stay updated on any further appeals or legal rulings.