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Stock impact report

Dollar Erases Drop as Traders Mull Trump's Next Steps on Tariffs [Yahoo! Finance Canada]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
(Bloomberg) -- The dollar recouped early losses on Monday as traders considered the impact of President Donald Trump's latest plan for global tariffs on US imports. A Bloomberg gauge of the greenback was little changed after falling as much as 0.3% earlier in the trading session. Treasuries also posted modest moves, with the 10-year yield holding at 4.07%. Most Read from Bloomberg While the Supreme Court's ruling last week struck down many of the tariffs that Trump put in place, the US president has shown no sign of backing down from his signature economic policy. The administration has said it plans to replace the prior tariffs with a new global levy of 15%, injecting fresh uncertainty into US trade deals. “We see the new path for the dollar as lower and think that last year was just the start of a multi-year trend,” said Hugh Gimber, global market strategist at JP Morgan Asset Management, in an interview with Bloomberg TV. While the economic impact won't show up immediate Show less Read more
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