Markets took a hit as geopolitical tensions ramped up. Trump's threat to impose additional tariffs on European imports has spooked investors, pushing global equities lower. The real action? The dollar softened against traditional safe-haven plays—the yen and Swiss franc strengthened as traders rotated into defensive positions. This kind of macro uncertainty typically creates ripple effects across all asset classes, from stocks to crypto. When greenback pressure mounts and risk sentiment cools, it reshapes how capital flows globally. Worth monitoring how these currency moves play out and whether they signal a broader shift in market risk appetite.