US dollar falls after Supreme Court strikes down Trump trade tariffs

The dollar slipped on Monday after the Supreme Court struck down major tariffs. Investors view the ruling as a boost for global growth despite new trade taxes.

Insights:
The U.S. Supreme Court has struck down the majority of President Donald Trump's sweeping tariff program, a decision that triggered an immediate decline in the dollar and significant movements across global foreign exchange / currency markets. On February 23, 2026, traders interpreted the ruling as a supportive signal for growth outside the United States USUS, leading to a shift in expectations regarding international trade policy risk.
U.S. dollar, Euro and Pound banknotes are seen in this illustration taken May 4, 2025. REUTERS/Dado Ruvic/Illustration
U.S. dollar, Euro and Pound banknotes are seen in this illustration taken May 4, 2025. REUTERS/Dado Ruvic/Illustration
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