FX Daily: Tentative Tariff Optimism Keeps Dollar under Pressure
Markets have continued to unwind USD longs as US Treasuries had another strong session, and a delay in tariff announcements is fuelling some tentative optimism. That said, we could start to see growing pressure on CAD and MXN, which are facing the most tangible tariff threat at the moment. Today, expect more of the same from ECB speakers in Davos.
ING