The U.S. dollar struggles to recover as trade tensions with the European Union escalate, triggering market volatility. Investors eye U.S. inflation data for signs of economic weakness, while the euro holds strong on ceasefire hopes in Ukraine. Meanwhile, the Canadian dollar faces uncertainty ahead of the Bank of Canada’s rate decision, and Japan’s yen dips as key wage agreements loom. With recession fears mounting, will the dollar regain strength, or is more turbulence ahead?
Sources:
Reuters: Dollar struggles to lift off lows as global trade war ramps up
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All thanks to the orange man and those uneducated morons that voted him in office AGAIN