The U.S. dollar rose against major currencies including the yen and euro as President Donald Trump rekindled trade tensions with new tariffs on Canada and other trading partners. Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1.

Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the yuan up for further gains.

A troubling shift in the dollar’s trading relationship with U.S. stocks has eased somewhat over the past few weeks.

The Canadian dollar edged higher against its U.S. counterpart on Thursday but the move was modest as the greenback notched broad-based gains and after new U.S. trade tariffs cast doubt about prospects of a trade deal this month between Canada and the United States.

Investigators say the millions in profits from the marijuana sales were used to buy luxury homes, cars, jewelry, and real estate to further the operation.

Could you cut some (or all) of your subscriptions and supercharge your savings instead? Here's how much the average person could earn by redirecting those dollars.

Amazon is considering another multibillion-dollar investment in AI firm Anthropic to strengthen their strategic partnership, the Financial Times reported on Thursday, citing people with knowledge of the talks.

In foreign exchange, “the trend lasts for a long time, and we’re just finishing up a long-term up-trend in the dollar,” said Chandler. The dollar index peaked in 2022 at 114.80, capping an uptrend that began in 2008, he said.