Looming Tariffs Could Keep Dollar Supported -- Market Talk
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available