XE Market Analysis: Tariffs and Trade Don’t Mix Well as the Dollar Turns South

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OVERVIEW

  • The greenback has moved into negative territory after the Trump Administration slapped a new 5% tax on Mexican imports to the USA. 

  • USD/CAD climbed above 1.35 post, driven by fears of escalating trade tensions

  • NYMEX WTI crude declined by 2.4% on renewed concerns over geopolitical risks