The Dollar has recovered from recent losses after President Donald Trump raised the spectre of a universal import tariff once again.
The British Pound can extend a short-term recovery against the U.S. Dollar amidst growing confidence the worst-case universal tariff scenario is off the table. But the recovery will be tested mid-week by the Federal Reserve interest decision.
The Dollar extended a run of losses after the new U.S. President made it clear he wants lower interest rates and all but confirmed a blanket import tariff won't be considered.
The Dollar is reaching a turning point as 'Trumphoria' looks set to fade and equity market valuations clash with rising bond yields.