Following a trade deal between Trump and Ursula von der Leyen, the US dollar experienced a significant surge. The agreement limited EU tariffs to 15%, involving substantial investments in energy, AI chips, and military equipment, boosting market confidence. The dollar's rally was driven by positive sentiment and short covering, with the dollar index rising over 1%. Meanwhile, the euro declined notably, reflecting shifting investor expectations. Experts suggest the move impacts US trade dynamics and currency markets.