The dollar strengthened against every major currency after comments on tariffs from US President Donald Trump and Treasury Secretary Scott Bessent bolstered demand for the greenback. Australia and New Zealand’s risk-sensitive currencies fell more than 0.

The dollar firmed on Monday as traders pondered the ramifications of U.S. President Donald Trump's tariff plans at the start of a week in which the Federal Reserve is widely expected to hold interest rates steady.

President Donald Trump posted threats against Colombia on his social media platform on Sunday after two U.S. military repatriation flights were prevented from landing.

The dollar strengthened against every major currency after comments from President Donald Trump and his Treasury Secretary stoked concern that a brief respite from tariff talk was well and truly over.

The White House on Sunday said it would hold off on the tariffs, saying Colombia had "agreed to all of President Trump's terms."

The dollar firmed on Monday as traders pondered the ramifications of U.S. President Donald Trump's tariff plans at the start of a week where the Federal Reserve is widely expected to hold interest rates steady.

President Trump's threat to impose retaliatory 25% tariffs on Colombia briefly ignited fears of a further surge in already high coffee prices. Why it matters: Beans from Colombia make up 20% of U.S. coffee imports,