02/10/2025
The US Dollar remains under sustained pressure as growth concerns, geopolitical uncertainty, and shifting expectations around Trump’s tariff strategy weigh on the currency.
Markets are bracing for ongoing volatility as Trump’s tariffs come into effect, prompting retaliation from Canada and China.
The Pound started the week on a more positive note, supported by cautious BoE policy expectations and optimism around a possible Ukraine truce.
As we move into March, trade tensions will likely remain a key driver for global currency markets, with the US Dollar expected to retain its safe-haven appeal if uncertainty persists.
The market’s attention is firmly on today’s US PCE inflation data, which will guide expectations for Fed policy.
Global markets remain on edge, with Trump’s aggressive tariff stance driving risk aversion and weighing on currencies like the Euro, Canadian Dollar, and Australian Dollar.