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The dollar ended its first week under Trump as the worst-performing major currency amid risk-on sentiment. Investors had expected aggressive tariffs, but Trump took a softer tone, and the Canadian loonie fell on concerns about tariffs on Canadian exports.
Reduced tariff fears support equities and growth assets while weighing on the dollar, which tends to lift dollar-priced feed commodities. Continued tariff threats against Canada could pressure Canadian export flows.
actionforex.comKBC BankJan 26, 2025After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Describes the dollar as the worst-performing major currency in Trump's first week as risk-on sentiment and softer tariff tone cut safe-haven demand.
