Donald Trump’s deal-making with Europe and Japan has delivered a “big positive” for container ship owners, according to a veteran Wall Street analyst. The US president and European Commission president Ursula von der Leyen signed what the latter called “a very big deal” in Scotland on Sunday.

The dollar gained against major currencies including the euro and yen on Monday with sentiment lifted by a trade agreement between the U.S. and the EU, which brings market certainty and averts a global trade war.

The U.S. and European Union agreed on trade terms that include a 15% across-the-board rate on EU products as well as hundreds of billions of dollars of investments in American industry. President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out the agreement.