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📰 DOLLAR’S FALLS AFTER TRUMP’S TARIFF REMARKS COULD PROVE LIMITED The dollar’s decline after U.S. President Donald Trump said he’d prefer not to impose new tariffs on China could prove limited, MUFG Bank analyst MUFG Bank’s Lee Hardman says in a note. Trump is still likely to implement higher tariffs, he says. Trump wants lower interest rates and a weaker dollar to support the U.S. economy. However, his policy of tariffs, tighter immigration and tax cuts, if implemented, will “help to keep U.S. yields and the dollar higher for longer.” Trump told Fox News that he would “rather not” impose new tariffs on China, suggesting the possibility of a trade deal. The DXY dollar index falls 0.5% to 107.454 after earlier hitting a five-week low of 107.276.

January 24, 2025
Frank

DOLLAR’S FALLS AFTER TRUMP’S TARIFF REMARKS COULD PROVE LIMITED

The dollar’s decline after U.S. President Donald Trump said he’d prefer not to impose new tariffs on China could prove limited, MUFG Bank analyst MUFG Bank’s Lee Hardman says in a note. Trump is still likely to implement higher tariffs, he says. Trump wants lower interest rates and a weaker dollar to support the U.S. economy. However, his policy of tariffs, tighter immigration and tax cuts, if implemented, will “help to keep U.S. yields and the dollar higher for longer.” Trump told Fox News that he would “rather not” impose new tariffs on China, suggesting the possibility of a trade deal. The DXY dollar index falls 0.5% to 107.454 after earlier hitting a five-week low of 107.276.