Risk assets rally sharply on lower-than-expected Trump tariff rates
Trump announced an across-the-board tariff rate of 10%, lower than market expectations, risk assets strengthened across the board, the Nasdaq futures U.S. stocks rose more than 2% after the session, the dollar index DXY briefly dipped 50 points, and bitcoin briefly pulled up more than 1,500 U.S. dollars. Spot gold fell first and then rose.
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