Euro weakened following Donald Trump’s tariff threat. Mexican peso also faced pressure. Trump proposed 30% tariff on imports from key trade partners. European Union and Mexico criticized the tariffs. Market reaction was muted initially. Investors await U.S. inflation data and Chinese GDP figures. Federal Reserve Chair Jerome Powell’s position is also under scrutiny. Trade tensions continue to influence market sentiment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets