The Dollar has recovered further against both Sterling and Euro after a Federal Court ruled against Trump's liberation day tariffs.
The recovery was aided by bets on fewer trade related volatility for The US economy. The court ruled that Trump did not have enough authority to impose these tariffs, now leaving Trump's administration 10 days to appeal this decision. Although this potential now decreases economic uncertainty, the next 10 days would still prove sticky depending on whether an appeal is lodged or not.
The Federal Reserve also released their minutes from their policy meeting earlier this month, highlighting that economic uncertainty still weighed heavy and therefore justified a cautious stance to interest rate movements.
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