Mitsubishi UFJ: Dollar Not Affected by Trade Uncertainty in the Short Term

Mitsubishi UFJ Bank analyst Derek Halpenny stated in a report that the dollar is unlikely to be significantly affected by the latest round of trade uncertainties in the U.S. in the short term. He pointed out that the impact of Trump's new tariff plan on exchange rates should be limited. Currently, the market expects the U.S. to raise interest rates and the risks in the Middle East are relatively high, providing some support for the dollar. However, if trade uncertainties escalate, investors' concerns about policy unpredictability and potential damage to the U.S. economy may lead to a sell-off of the dollar.

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