The dollar weakened against several currencies yesterday as recent strong economic data caused investors to move to safe-haven positions.
Meanwhile, President Trump has proposed tariffs on EU goods worth $11.2 billion. If these tariffs go ahead, they would increase trade tensions between the world’s biggest trading blocs. Airbus, the European aerospace manufacturer, is at the centre of this as the EU continues to pay the company subsidies.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
