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Stock impact report

Dollar Faces Pressure From Trump's Fresh Tariff Threat to Europe [Yahoo! Finance Canada]

StoneX Group Inc. (SNEX) 
Most Read from Bloomberg European currencies found support, with the Swiss franc outperforming its Group-of-10 peers on increased demand for haven assets. The euro rose from the lowest level in almost two months. Here's what analysts are saying: David Forrester, a senior strategist at Credit Agricole CIB in Singapore: Trump's tariff threats have reignited the ‘sell America' trade. The market will also be looking for the ‘TACO trade' as Trump could be using the threat of tariffs as a negotiating ploy. This will give the USD some support. EUR will be one of the biggest losers of the growing geopolitical risks under Trump's presidency in 2026. The tariffs could add to cyclical headwinds for the eurozone economy and further erode pressure on Russia to end its war in Ukraine. Chris Weston, head of research at Pepperstone Group Ltd.: The market dynamic is that US assets, including the US dollar, are now carrying a much higher political risk premium. This would compel foreign Show less Read more
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