U.S. Dollar Strengthens Amid Trump’s Tariff Threat…
From Financial Modeling Prep: 2025-02-21 08:56:02
The U.S. dollar strengthened by 0.4% against a basket of currencies due to President Trump’s tariff threats. Analysts believe this may be a negotiating tactic rather than firm policy.
Trump’s trade strategy has been less aggressive than campaign rhetoric suggested. His mention of a potential trade deal with China raised hopes that tariffs are leverage, not definitive policy.
Weak U.S. economic data and Walmart’s sales forecast briefly affected the dollar. Walmart warned of inflationary pressures and tariff risks but noted resilient American shoppers.
The euro fell 0.4% against the dollar due to weak business activity data in France and slow improvements in Germany. If Europe’s economic slowdown continues, the euro could face further downward pressure.
The U.S. dollar’s movement has major implications for forex traders and investors. Real-time monitoring of forex market trends can be done using the Forex Daily API for insights into exchange rate fluctuations and currency performance.
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