Tensions between the US and Europe have eased but were not able to support the US dollar.

Trump abandoned the idea of using military or economic power to take over Greenland, appeasing global markets but not enough to support the US dollar. The dollar remains under pressure as US and EU leaders work to finalize a deal that will please Washington without weakening NATO and international trade. The dollar fell 0.6% against the euro and 0.7% against the Swiss franc. The dollar-yen exchange rate remained stable.