Some analysts have indicated that the turmoil over Trump's tariffs has resurfaced, triggering a sell-off of the dollar. Additionally, the decline in U.S. Treasury yields and global rates has also weighed on the dollar's performance. After Trump threatened to impose additional tariffs on Apple and then mentioned imposing tariffs on the EU starting June 1, safe-haven assets collectively rose due to a rapid increase in demand for safe havens in light of the new tariff threats. Analysts state that Trump's tariff threat against the EU has awakened bearish sentiment towards the euro against the dollar, and furthermore, dollar bears are likely to strengthen their position on Friday.