The US Dollar showed little movement this week despite rising due to ongoing trade tensions between the US, Europe, and Canada. Market sentiment was impacted as investors sought safe-haven assets. After the EU's countermeasures against US tariffs, President Trump threatened a 200% tariff on EU alcoholic beverages, signaling heightened trade tensions. While the dollar could benefit from uncertainty in the market, fears of recession might cause negative pressure. Meanwhile, US treasury yields are climbing, with the upcoming Federal Reserve rate decision expected to influence bond market dynamics significantly.
Escalating trade tensions between the US, Europe, and Canada have led to a spike in interest for safe-haven assets, impacting market sentiment all week.
President Trump's threat of a 200% tariff on EU alcoholic beverages signals a continuing escalation in trade disputes, which could heavily influence market stability.
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