Woofun AI notes that Mitsubishi UFJ Bank analyst Derek Halpenny stated the dollar may not face significant short-term effects from recent U.S. trade uncertainties. He indicated that the influence of Trump's new tariff plan on exchange rates should remain limited. Market expectations for U.S. interest rate hikes and elevated Middle East risks currently provide support for the currency.

However, Halpenny warned that escalating trade tensions could trigger a dollar sell-off due to concerns over policy unpredictability and potential damage to the U.S. economy.