Dollar’s Weekend Pop – Trump’s Tariff Take‑off
It started the week pretty strong for the U.S. dollar.
The market was already buzzing, catching the latest twist in the trade‑war plot: President Trump slapped a hefty 25‑% tariff on Canada and Mexico, and a more modest 10‑% on China.
International Reaction: “You’re on Thin Ice!”
Justin Trudeau and Claudia Sheinbaum didn’t let the tariff smack go unanswered. They vowed to retaliate right away, sparking fears that the cost of goods worldwide could balloon – a situation that usually teams up with a stronger dollar.
But the leaders have already started a conversation about easing the pressure. If they manage a deal, the dollar might face a gentle pull back. If the talks stall, the rally could keep going.
What the Bond Market Says
- Mixed Results: U.S. Treasury yields are hovering, neither fully up nor down.
- Safe‑Haven Shift: Any sudden spike in uncertainty could boost demand for bonds, leading to a dip in yields.
Key Numbers to Watch This Week
- PMI (Purchasing Managers Index) – The heart‑beat of manufacturing.
- JOLTs (Job Openings and Labor Turnover Survey) – Jobs or no jobs?
- NFP (Non‑Farm Payrolls) – The biggest payroll story of the month.
- Fed Speeches – Riddle‑solving sessions that tug on the currency’s soul.
Investors are glued to these releases, ready to jump on the volatility bandwagon. Each headline, each datum could tip the scales and push the dollar either higher or lower.
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