Dollar Spikes After Surprise Trade Deal

The U.S. dollar just had its biggest day in over two months — and it had nothing to do with inflation or the Fed. A surprise $750 billion trade deal with the EU sent the dollar index soaring and crushed the euro. The deal includes massive energy sales, $600 billion in EU investment into the U.S., and big gains for U.S. AI, defense, and aircraft exports. But tariffs on metals remain sky-high. What does this mean for the global economy? Follow for real-time macro updates.