Dollar Rises Slightly After Trump Reaffirms March 4 Tariff Plans for Mexico and Canada
| Action Insight Daily Report 2-25-25 |
Dollar Rises Slightly After Trump Reaffirms March 4 Tariff Plans for Mexico and Canada |
Dollar gained slightly overnight, buoyed by mild risk aversion and ongoing tariff threats from President Donald Trump. However, the lack of follow-through momentum in the greenback suggests traders remain hesitant to commit to large directional bets amid persistent policy uncertainty. US stock market weakness has been most pronounced in the NASDAQ, which fell by more than -1%. Some of this pullback appears related to profit taking ahead of Nvidia’s quarterly results, due on Wednesday. There are concerned about lower demand for AI technology if China’s low-cost DeepSeek gains traction, posing competition to the industry’s current frontrunners. Adding to the cautious tone, Trump doubled down on his plan to impose 25% tariffs on Mexico and Canada, stating the levies are “on time, on schedule” for March 4, following a one-month delay. However, markets have been reluctant to react too strongly, given Trump’s history of sudden policy reversals, which adds to the uncertainty surrounding trade relations.... |
AUD/USD Daily Report Daily Pivots: (S1) 0.6331; (P) 0.6362; (R1) 0.6379; More... AUD/USD is staying in tight range above 0.6327 support and intraday bias stays neutral. On the downside, firm break of 0.6327 will suggest that the corrective rebound from 0.6087 has completed ahead of 38.2% retracement of 0.6941 to 0.6087 at 0.6413. Intraday bias will be turned back to the downside for retesting 0.6087 low. Nevertheless, sustained break of 0.6413 will pave the way back to 61.8% retracement at 0.6615, even still as a correction. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 23:50 | JPY | Corporate Service Price Index Y/Y Jan | 3.10% | 2.90% | 2.90% | 3.00% | | 07:00 | EUR | Germany GDP Q/Q Q4 F | -0.20% | -0.20% | | 14:00 | USD | S&P/CS Composite-20 HPI Y/Y Dec | 4.30% | 4.30% | | 14:00 | USD | Housing Price Index M/M Dec | 0.20% | 0.30% | | 15:00 | USD | Consumer Confidence Feb | 103.3 | 104.1 |
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