USD Shuffles in a Tight Range While Trade Uncertainty Linger
The U.S. dollar stayed within a tight band on Tuesday, as investors took time to absorb recent trade twists and wait for fresh economic signposts.
Trump’s Trade Talk Sets the Scene
- Auto tariffs re‑enforced: President Trump reiterated his plan to slap tariffs on imported cars.
- Venezuela oil hit: He also announced a 25% duty on countries buying Venezuelan oil, adding another layer of risk.
- Market mood: These moves keep the greenback’s short‑term outlook on the fence.
What’s Next on the Calendar?
Focus now turns to this week’s GDP numbers. A weaker figure could stir talk of a slowdown, tightening the dollar’s grip. Conversely, strong growth would lift optimism, giving the dollar (and yields) a fresh boost.
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