Dollar Steadies Amid Muted Reaction to Trump's 30% Tariff Threat to EU and Mexico
The euro briefly hit a three-week low on Monday before partially recovering, while the dollar held steady in a muted reaction to U.S. President Donald Trump's threat to impose a 30% tariff on imports from two of the largest U.S. trading partners from August 1.
Analysts pointed to the so-called TACO ("Trump always chickens out") trade as keeping a cap on any bigger moves in forex markets, as well as the fact that traders were more focused on...
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