MUFG warned about Trump imposing tariffs on Friday – "greenback greater for longer."
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MUFG in a not on Friday (sure … I am a bit late to this):
- mentioned the drop within the USD after Trump mentioned he’d favor to not impose extra tariffs on China could possibly be restricted
- Trump remains to be extra more likely to enact new tariffs
- Whereas Trump need decrease charges and a decrease USD his immigration, tax cuts, and tariffs insurance policies means he’s unlikely to get then
- which implies US yilds and the greenback might be greater for longer
USD index, DXY
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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