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The dollar strengthened 0.65% against the yen to 155.5 after President Trump said he planned tariffs on imported computer chips, pharmaceuticals and steel. Treasury Secretary Scott Bessent reportedly proposed universal tariffs starting at 2.5% and rising monthly.
The dollar's gains came as concerns over Chinese AI model DeepSeek faded.
Broad US tariffs raise trade-war risk and can strengthen the dollar, which tends to weigh on US commodity export competitiveness. The effect on feed prices depends on whether tariffs extend to agricultural goods.
brecorder.comReutersJan 29, 2025After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
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.
