From Investing.com: 2025-01-09 05:32:00

Trump is set to declare a national emergency to impose tariffs, causing the dollar to rally and the 10-year yield to climb to its highest level since April. US stock futures slip as markets digest Trump’s rhetoric, leading to a rise in the dollar supported by new tariff headlines.

The pound suffers on fears of a new Truss episode, with the currency sliding to levels last seen in November 2023. The yen takes a breather after the BoJ report, recovering ground against the greenback as Japanese firms continue to raise wages due to labor shortages. Wall Street struggles to find direction as investors digest tariff headlines, with concerns about inflation and a more cautious Fed stance impacting risk exposure.



Read more at Investing.com: US Dollar Extends Gains as Tariff Concerns Resurface