January 27, 2025 23:46 GMT
FOREX: USD Surges Following Trump Tariffs Headlines
FOREX
- The USD is surging early Tuesday in Asia, with the BBDXY up 0.30% as fresh tariff threats from former President Trump and reports of Treasury Secretary Bessent’s proposal for escalating tariffs weigh on risk sentiment. EUR/USD, AUD/USD, and NZD/USD are down around 0.5% following Trump's broad tariff plans and Bessent’s suggested 2.5% monthly increases.
- This uncertainty is boosting USD strength and volatility ahead of a critical week featuring the FOMC meeting and major tech earnings from Tesla, Meta, Microsoft, and Apple.
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