The rollout of President Donald Trump’s tariffs regime is impacting sentiment toward the dollar, leading investors to seek alternative foreign exchange trades, according to strategists interviewed by CNBC. The dollar index, which measures the greenback against major rivals, has seen fluctuations after a steady rise in late 2024. The shift in currency trader positioning reflects a growing bearish sentiment on the dollar and a more bullish outlook on the currencies of major U.S. trading partners amid preparations for a multinational trade war, as noted by RSM U.S. chief economist Joseph Brusuelas.
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M11 traffic blocked in both directions after two crashes near Stansted
Drivers on the M11 in Essex are experiencing significant delays due to two crashes near London Stansted Airport, with traffic backed up five miles southbound and seven miles northbound. As millions travel for the summer holidays, experts warn of potential congestion, especially on "Frantic Friday," with additional traffic expected near Wembley Stadium for the Oasis reunion concert. Want More Context? 🔎
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