US stocks fell late, erasing earlier recovery. Dow dropped most, while Google gained despite broader declines.
Trump to impose reciprocal tariffs on Canada, escalating trade tensions and economic challenges early in his second term.
Kevin Hassett links the fentanyl crisis to border issues, urging Canada and Mexico to address drug challenges urgently.
The US Dollar declined as tariffs were announced, economic data weakened, and markets shifted towards safe-haven assets.
GBP rises to 1.2708 as USD weakens; UK inflation concerns grow; Fed speeches and Trump monitored closely.
Market activity suggests easing trade tensions; Nasdaq down 0.2%; Treasury yields rise; WTI crude trims losses.
GBP strengthens as USD weakens, targeting 1.28 with support at 1.2715 and 1.2675/80 amid growing momentum.
Ted Cruz hopes tariffs are temporary, emphasizing Texas trade with Mexico and Canada while supporting Trump’s intended outcomes.
The EUR strengthens as USD weakens, with bullish momentum targeting the 1.0650/1.0750 range and 200-day average.
The Canadian Dollar recovers, supported by a softer US Dollar and narrowing US/Canada 2Y spreads amid tariff concerns.
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