So far this month, JPY has been the best performing major vs. USD with +3.23% total-returns while CAD has been the worst with -2.54%.
US President Donald Trump shocked global markets yesterday by announcing his intention to introduce a 25% tariff on imported steel and a 10% tariff on imported aluminum. The US Dollar was slammed across the board alongside US equity markets amid fears of trade wars emerging. It’s important for traders to understand the economic significance of tariffs and how they impact economies.
Dollar advances to highest level since mid-December as the Loonie comes under pressure from heightened trade tensions
