US dollar tanks: Are markets calling Trump’s tariff bluff?

President Trump has followed through with plans to slap massive 25% tariffs on imports from Canada and Mexico, while also unveiling fresh 10% duties on China. The US dollar would ordinarily be trading higher under such circumstances, but the greenback has sold-off sharply across the board. What is fuelling the move? And how concerning is the recent deterioration in US economic news?

Meanwhile, last week’s Ukraine discussions in the White House descended into a farce. European currencies are performing well, however, as markets take an optimistic view on the situation. What do our analysts make of an extraordinary hectic couple of weeks in financial markets?

We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk

Liked this show? Please leave us a review here – even one sentence helps!