1300 GMT - The dollar is likely to remain supported in the near term after U.S. President Trump said plans for tariffs against Canada and Mexico would go ahead next week as scheduled, Monex Europe analysts say in a note. With the implementation of these tariffs on March 4 fast approaching, the dollar could continue to rise, they say. There is still significant scope for markets to price in additional tariff risks. That should benefit the dollar along with demand for safe-haven assets on global growth fears. The DXY dollar index rises 0.1% to 107.337 after earlier hitting a two-week high of 107.451. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 08:00 ET (13:00 GMT)
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