Market analysis: Trump's planned call could ease market concerns about tariffs
2025-02-03 10:58:59
U.S. President Donald Trump plans to speak by phone with Canada and Mexico on Monday, which could calm market concerns about tariffs, XTB's Kathleen Brooks said in a note. "[The calls] could give some hope for a deal, if not now, in the future," Brooks said. The prospect of a call could keep traders optimistic, she said. The Canadian dollar and Mexican peso remain weak, but have recovered from earlier multi-year lows. However, some analysts have warned that those hopes could be dashed. Analysts at ING said in a note that (Trump's) "last-minute tariff reduction" seems unlikely. (Kim Ten)
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