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USD: Greenback Spikes and then Reverses as Trump Begins WEF Remarks

USD
  • Greenback goes initially bid as Trump continues to make remarks, with EURUSD sliding to fresh session lows of 1.0373, and a notable spike for USDMXN from 20.40 to briefly print 20.55.
  • As quickly as the dollar spike was seen, those gains have entirely reversed in most recent trade emphasising the sensitivity of G10 FX to Trump's remarks.
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  • Greenback goes initially bid as Trump continues to make remarks, with EURUSD sliding to fresh session lows of 1.0373, and a notable spike for USDMXN from 20.40 to briefly print 20.55.
  • As quickly as the dollar spike was seen, those gains have entirely reversed in most recent trade emphasising the sensitivity of G10 FX to Trump's remarks.