The US dollar strengthened again as Donald Trump renewed his tariff threats. Now, it is a 25% tariff on imports of cars, semiconductors, and pharmaceuticals. Following the established pattern, the US president has postponed the possible implementation date to early April.
The word “possible” increases anxiety for countries exporting these goods to the United States and boosts the greenback against their currencies. Additionally, the dollar has already risen as a safe-haven asset amid negotiations between the US and Russia. Meanwhile, Forex currencies continue to react to incoming macroeconomic data.
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