With a week to expire the relief of 1 month to the threat of border tariffs of President Trump (March 4), short -term volatilities are increasing again. The implicit volatility to 1 week touched 7.5% yesterday and is higher today at 8.95% after Trump commented that the tariffs on Canada and Mexico are moving forward, says Shaun Osborne, head of Strategy of FX of Scotiabank.
The agitated range trade around 1.42 can persist
“However, it was not exactly clear about what specific tariff threat was the president in his comments yesterday, which reflects the reaction quite limited in the spot. The president was questioned about the Canadian and Mexican border tariffs In more general terms, mentioning reciprocal tariffs in your comments. ”
“In fact, an American official later commented that the fate of border tariffs on Canada and Mexico is still to be determined, but reciprocal tariff After having fallen modestly with yesterday’s holders. clarity about tariffs. ”
“The USD profits were extended through the resistance in 1,4250/60 in yesterday’s trade, but the lack of monitoring leaves the USD contributing again, almost, below the 1,4250 point this morning. The upward movement In the USD it is not especially convincing, but the sway around point 1.42 Towards a thrust to the area of ​​1,4335/40 (MA of 40 days).
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.
