The US dollar (USD) begins the week a little firmer in general since Friday, but far from its best night levels. President Trump’s comments during the weekend confirmed that reciprocal tariffs on steel and aluminum imports would be announced in the next few days. The president indicated Friday that reciprocal tariffs in some way were on their way, says Shaun Osborne, FX Head of Scotiabank FX.
Mixed USD against reciprocal tariffs on steel and aluminum
“The CAD and the MXN are a little weaker in response, since both Canada and Mexico are great suppliers for the US, together with Brazil. The JPY is also low performance in the session. The USD is being negotiated in a way Mixed in general after not being able to maintain the earnings of the initial session. The tariff news of the last weekend.
“Investors are perhaps cautious about what the definitive ‘bite’ of these tariffs will be. The USD is certainly struggling to advance significantly and that can feed the speculation that the tariff risk premium is largely —The FX Price at this time. 1 year inflation expectations of U. Michigan from 3.3% to 4.3% caught the attention. “
“Part of that probably represents the partisan division that has arisen in the data of the survey recently, but Fed officials have indicated that inflation expectations are something that would be sensitive. The Fed inflation expectations indicator New York is published at 11et. on Tuesday (and before the Chamber Financial Services Committee on Wednesday). “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
