Jonathan Cook
on February 24th, 2026 The US dollar weakened against a basket of rival currencies on Monday. A main factor in its recent slump has been the lack of clarity around tariffs. The president’s 15% workaround will last a maximum of 150 days, at which point Congress will be allowed to weigh in. Nobody knows what the effective tariff rate will be tomorrow, let alone in five months’ time.
EUR/USD: the past year
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