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According to October 7, 2025 news, U.S. President Donald Trump described his use of tariffs as a measure to stop wars and indicated that his communications to India and Pakistan during their recent conflict were effective, attributing the end of the conflict to his use of trade. He emphasized the importance of tariffs for the United States, stating they contribute to peacekeeping and generate revenue.
Separately, the U.S. Dollar Index (DXY) has been advancing amid fiscal and political uncertainty, shrugging off concerns about the U.S. government shutdown and expectations of Federal Reserve monetary policy easing. The DXY was trading near 98.30. The Euro weakened against the US Dollar due to France's political crisis, while the Pound Sterling also saw losses against the firmer US Dollar. Gold retreated after touching an all-time high near $3,980.
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