The clear conclusion of the pause in the worst of tariffs was a reevaluation of the perspectives of global trade with the opinion that perhaps the tariffs were more transactional after all, and the losses in US actions are proven to be a brake on the wishes of the president to reconfigure global commercial systems, says the FX analyst of ING, Chris Turner.
The impact of tariffs could weigh on the perspective of the dollar
“The great winners of yesterday in the G10 were the currency of raw materials, especially those with an Asian link such as the Australian dollar and the New Zealand dollar. Those who had less yield were the Yen and the Swiss Franco, which were previously the favorites defensive. In the space of the emerging markets, LATAM’s profits stood out, since the region had previously been hit by large falls in industrial metals in industrial metals and Energy prices. “
“While American technology hardware and retailers helped boost a 9% rally in S&P 500, the DXY-weighted index is only 1% above its recent minimum The US are in 4.25/30%, as they are today.
“In theory, the dollar could face some risks up to the CPI today, but we prefer that the DXY will continue to quote in a volatile range of 102.00-103.50. And it could go down again in the coming weeks if it seems that the reciprocal tariff shock has caused some damage to the hard data in the consumer space and businesses in the US”
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.
