FX Update: USD Struggles

ByDragana My Engine Lab

Market Overview

• Risk on flow dominates the start of the trading week. The US Dollar is lower across the board with equities posting gains in overnight sessions.
• Markets will be seeking clarity this week over the 2nd of April tariff deadline. Tariffs look to be more targeted than first thought with breaks for several countries.
• Bank of China could be ramping up billion-dollar services industries to boost the economy.
• Trump is set to introduce tariffs on chips and lumber.
• The Canadian Dollar (CAD) has been the form currency to start the week with the Japanese Yen (JPY) the worst performer across the main board.

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