U.S. trade policy uncertainty is currently elevated due to Trump's back and forth on tariffsmarket is leaning towards the the risk of recession increasing significantly with each additional round of tit-for-tat tariffs, weighing on equities, Treasury yields and the USD
Hard U.S. economic data, however, is so far looking pretty decent - weak January retail sales excluded.
That 'end of USD uptrend' call from January played out OK. Whew!
The steep up trend line for the USD appears to have been brokenUpdating the USD 'battle of the trendlines' This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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