From Yahoo Finance: 2025-03-26 20:50:00

The dollar’s fate is uncertain as traders await Trump’s tariff announcement. Risk sentiment rises, but nerves persist. Trump imposes 25% tariff on autos, sparking threats of retaliation. Mexican peso and Canadian dollar weaken. U.S. imported $474 billion of automotive products in 2024. Ontario and Mexico seek exemptions.

Euro gains strength, ending six-day losing streak against the dollar. Technical support near 200-day moving average. ECB signals less likelihood of rate cuts amid tariff concerns. Trade war could impact euro zone inflation. Wells Fargo expects ECB to cut rates to 2.0% by September.

Dollar rises against Japanese yen, while 10-year U.S. Treasury yields hit one-month high. U.S. data shows slight growth in fourth quarter. Sterling strengthens after finance minister’s statement. Norway crown strengthens as central bank holds interest rates. Bitcoin remains steady at $87,256.

Read more: Dollar mixed, Mexican peso and Canadian dollar drop on auto tariffs