Dollar recoups losses as tariff concerns return
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Dollar Gains on Safe-Haven Flows
Renewed tariff concerns pushed the dollar higher after President Donald Trump reaffirmed tariffs on Mexico and Canada would proceed as scheduled.
The dollar index DXY rebounded to 106.59, recovering from a two-month low.
Euro Faces Pressure Amid German Coalition Uncertainty
The euro EUR/USD eased from a one-month high, trading at $1.0476.
Markets are watching the progress of German coalition talks following the conservative election victory.
Sterling and Aussie Steady Amid Trade Uncertainty
GBP/USD retreated from its two-month high, last trading at $1.26385.
The Australian dollar AUDUSD ticked up slightly, but remains below last week’s 2.5-month high.
Yen Strengthens on Falling U.S. Yields
The USD/JPY pair climbed slightly to 149.75, recovering from a two-month low.
Speculation of an interest rate hike from the Bank of Japan (BOJ) has supported the yen, while U.S. Treasury yields remain under pressure.
Market Outlook While the U.S. dollar has declined 3% from its January peak, lingering tariff risks and safe-haven flows could limit further downside.
The March 4 deadline for U.S. tariffs on Mexico and Canada remains a key event for markets, with investors closely watching Trump’s next move.
Renewed tariff concerns pushed the dollar higher after President Donald Trump reaffirmed tariffs on Mexico and Canada would proceed as scheduled.
The dollar index DXY rebounded to 106.59, recovering from a two-month low.
Euro Faces Pressure Amid German Coalition Uncertainty
The euro EUR/USD eased from a one-month high, trading at $1.0476.
Markets are watching the progress of German coalition talks following the conservative election victory.
Sterling and Aussie Steady Amid Trade Uncertainty
GBP/USD retreated from its two-month high, last trading at $1.26385.
The Australian dollar AUDUSD ticked up slightly, but remains below last week’s 2.5-month high.
Yen Strengthens on Falling U.S. Yields
The USD/JPY pair climbed slightly to 149.75, recovering from a two-month low.
Speculation of an interest rate hike from the Bank of Japan (BOJ) has supported the yen, while U.S. Treasury yields remain under pressure.
Market Outlook While the U.S. dollar has declined 3% from its January peak, lingering tariff risks and safe-haven flows could limit further downside.
The March 4 deadline for U.S. tariffs on Mexico and Canada remains a key event for markets, with investors closely watching Trump’s next move.