The dollar hovered near more than a two-week high against the yen on Wednesday as U.S. President Donald Trump announced tariffs on seven countries, after earlier this week imposing 25% tariffs on Japan and other trade partners beginning in August.

The U.S. dollar strengthened following new trade tariffs announced by President Trump, impacting global markets. The Canadian dollar weakened, while the euro and yen also saw declines. Cryptocurrency values increased as investors remained optimistic despite trade tensions.

The U.S. dollar extended gains against the yen for a third consecutive day on Wednesday, boosted by rising U.S. yields and renewed trade tensions. President Donald Trump announced 25% tariffs on Japan and other nations,