The US dollar has strengthened following a Supreme Court ruling that grants former President Donald Trump partial immunity from criminal charges related to the 2020 election. This decision reduces the likelihood of a trial before the November presidential election, increasing the perceived chances of a second Trump term. Traders anticipate that Trump’s potential trade policies could further support a stronger dollar. The ruling’s impact on the dollar is already evident, with the currency reaching its highest level since November and putting pressure on other global currencies, particularly the Japanese yen. Analysts suggest that Trump’s potential inflationary policies could lead to a halt in Federal Reserve rate cuts, further bolstering the dollar.