February 3, 2025 – Written by Frank Davies
STORY LINK Pound Sterling Rises vs Euro and Dollar as UK Avoids Tariffs, for Now
The US Dollar (USD) spiked higher against rival currencies such as the Euro (EUR) and Pound (GBP) on Monday following President Trump’s move to impose 25% tariffs on Canada and Mexico.
The dollar index jumped to 2-week highs at 109.80 and close to 2-year highs.
ING commented; “Unless Donald Trump surprises with a very last-minute de-escalation in tariffs (unlikely) expect DXY to stay bid near…
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