The USD index stabilized around 105.6 on Wednesday after falling nearly 2% over the past two days. Investors focused on President Trump’s joint address to Congress, where he reiterated his positions on trade, taxation, and foreign policy. The euro strengthened due to Germany’s plans for a EUR 500 bln infrastructure fund and increased defense spending. Additionally, new US tariffs on Canada, Mexico, and China fueled concerns over potential economic repercussions, contributing to the escalating global trade war.