Financial markets can’t get away from all things trade tariffs, and it’s clear the unpredictability has been rattling sentiment.
The unpredictability has also been behind a lot of the US dollar selling we’ve been seeing, particularly against the major currencies now viewed as alternative safe havens amidst the deterioration in confidence in the buck.
Meanwhile, the euro has been shining brightest as it also benefits from the new EU fiscal reform narrative. We have seen some weakness in the yen in recent sessions, presumably on worry over Japan’s fate with respect to getting trade exemptions from the US.
Looking ahead, key standouts on Wednesday’s calendar come from an ECB Lagarde speech, US inflation data, and the Bank of Canada policy decision.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
