On Monday, the US dollar faced notable pressure, weakening against several major currencies, including the Japanese yen and the euro. The primary factor behind this downturn was the ongoing uncertainty surrounding President Donald Trump's trade policies and their potential economic impact. Investors, still unsure of the broader consequences of Trump's tariff strategies, took a cautious approach, contributing to the dollar's retreat.

Deutsche Bank $DB, Germany’s largest lender, reported a robust 39% year-on-year jump in first-quarter net profit, reaching €1.78 billion ($2.03 billion). This outperformance was driven primarily by a sharp uptick in its investment banking division, where bond and currency trading revenue surged amid heightened global market volatility.

Donald Trump's second presidency continues to significantly influence currency exchange rates worldwide, although this impact has proven to be less pronounced than many investors had anticipated. Nonetheless, the decline of the U.S. dollar against other developed countries' currencies, with the exception of the Canadian dollar, has sparked considerable discussion among financial market experts.