A Golden Finance report, Chang Wei Liang, forex and credit strategist at DBS Bank, said that if Trump's latest tariff threat becomes a reality, the dollar may further strengthen. However, Chang pointed out that the depreciation of the Canadian dollar and the Mexican peso is not significantly greater than other currencies, 'Trump's inconsistent messages on the timing and conditions of tariff implementation make the market less willing to actively respond to these threats.'
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DBS Bank: Tariffs will help further strengthen the US dollar
A Golden Finance report, Chang Wei Liang, forex and credit strategist at DBS Bank, said that if Trump's latest tariff threat becomes a reality, the dollar may further strengthen. However, Chang pointed out that the depreciation of the Canadian dollar and the Mexican peso is not significantly greater than other currencies, 'Trump's inconsistent messages on the timing and conditions of tariff implementation make the market less willing to actively respond to these threats.'