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Asia-Pacific FX Shakeup: USD and Crypto Slammed Lower After Tariff Bombshell

Asia-Pacific FX Shakeup: USD and Crypto Slammed Lower After Tariff Bombshell

Markets in Asia-Pacific kicked off the week with big moves. The US dollar took a hit, and crypto followed suit. Bitcoin dropped below $65,000. This came after a huge US Supreme Court decision on Friday. It struck down President Trump’s tariffs based on the IEEPA law. Trump fired back with a new flat 15% tariff on global goods, up from 10%. Now, questions swirl about refunds and more court fights. This news sparked a trend that traders can’t ignore.

The Supreme Court Ruling That Changed Everything

The big story started Friday. The US Supreme Court ruled against Trump’s use of IEEPA for tariffs. This law lets the president act fast in emergencies. But the court said it doesn’t cover broad trade tariffs. Markets loved the news at…

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