Dollar Rebounds as U.S.–China Trade Fears Ease, Aussie Slides
The U.S. dollar strengthened Tuesday as investor fears of a renewed U.S.–China trade conflict receded. Safe-haven currencies like the yen and Swiss franc gained ground. Australia’s dollar fell about 1%, reacting to China’s economic ties. Earlier threats of 100% tariffs on Chinese goods had unsettled markets. But muted responses and de-escalatory signals helped bring relief….