US Dollar Rises vs Euro, Pound as Trump Tariffs on Canada, Mexico and China Due
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The US Dollar has strengthened against the Euro and Pound as new tariffs on Canada, Mexico, and China are set to be implemented by the Trump administration. This has led to a decline in stocks, gold, and bitcoin, while economic data shows weaker consumer figures and rising unemployment claims.
March 18, 2025 | 11:30 am
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The US Dollar has risen against the Euro due to upcoming tariffs on Canada, Mexico, and China, causing a shift in currency dynamics.
The announcement of tariffs typically strengthens the USD as it is seen as a safe haven. This has led to a rise in the USD against the Euro, impacting currency markets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80