Frances Cheung and Christopher Wong, strategists at Oversea-Chinese Banking Corporation (OCBC), said that the US dollar started the week slightly weak before Trump's inauguration. Trump promised to sign a series of executive orders on his first day in office and said he would take action at a historic speed and scale. It is expected that the tariff policy may be announced soon, but the strategists added that the timing, extent, and scope are still uncertain. If the announcement of tariffs is delayed for a longer period, it may provide a breathing space for risk alternatives, and it is not ruled out that the US dollar may decline, while a swift implementation of tariffs may hit market sentiment and boost the US dollar.
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Banco Oversea-Chino: El dólar se debilitó ligeramente antes de la toma de posesión de Trump, los detalles arancelarios afectarán la dirección futura
Frances Cheung and Christopher Wong, strategists at Oversea-Chinese Banking Corporation (OCBC), said that the US dollar started the week slightly weak before Trump's inauguration. Trump promised to sign a series of executive orders on his first day in office and said he would take action at a historic speed and scale. It is expected that the tariff policy may be announced soon, but the strategists added that the timing, extent, and scope are still uncertain. If the announcement of tariffs is delayed for a longer period, it may provide a breathing space for risk alternatives, and it is not ruled out that the US dollar may decline, while a swift implementation of tariffs may hit market sentiment and boost the US dollar.