Saturday , 1 February 2025
Home Forex DXY: Boosted by tariff threats – OCBC
Forex

DXY: Boosted by tariff threats – OCBC

USD dipped after 4Q GDP disappointed but erased losses after Trump drummed up tariff threats. Specifically, he spoke about 25% tariffs on about $900bn worth of goods from Canada and Mexico on 1 Feb (Sat). Cautious trading dominated sentiments.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Weekly Market Outlook (03-07 February)

UPCOMING EVENTS:Monday: BoJ Summary of Opinions, Australia Retail Sales, China Caixin Manufacturing...

Using Moving Averages for Forex Trend Analysis

Forex traders often struggle to spot market trends. Moving averages help solve...

FX Weekly Recap: January 27 – 31, 2025

It was a busy trading week filled with a bunch of major...

Global Market Weekly Recap: January 27 – 31, 2025

This week, central banks’ policy shifts, Trump’s tariff threats, and an AI-driven...