The US dollar is declining on Thursday, amid investors' desire to move capital into traditional safe-haven assets. Such market dynamics followed the announcement by US President Donald Trump of the introduction of tougher-than-expected tariffs on imports. This caused a wave of instability in the markets, forcing investors to seek protection. World stock indexes went down, while demand for bonds and gold surged. European Commission head Ursula von der Leyen called the new tariffs a serious blow to the global economy and emphasized that the EU is ready to retaliate if negotiations with Washington fail. The euro has strengthened against the dollar and has already surpassed the highs reached earlier last month. The nearest significant resistance zone is above 1.1150.