The dollar experienced volatility following Scott Bessent's Treasury Secretary appointment and easing Middle East tensions, creating uncertainty in economic dynamics and market reactions.
President Trump's announcement of tariffs—25% on imports from Canada and Mexico and 10% on China—may exacerbate inflationary pressures, complicating the Fed's policy decisions.
Market sentiment is highly influenced by the upcoming FOMC meeting minutes, which are expected to clarify the Fed's cautious approach despite positive economic indicators.
As inflation risks rise, the Federal Reserve could take a hawkish stance, potentially strengthening the dollar as investors prepare for tighter monetary conditions.
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