Demand for the US government’s debt Clearly, as shown in the tired old “USD vs. First, markets responded with sharp declines to the news that President Donald Trump had made new tariff threats. Recent announcements have reiterated fears of an impending US economic slowdown. The currency market, in response to these announcements, has seen volatility. President Trump recently announced a plan to permanently impose an exclusive 25% tariff on all cars imported into the United States. This tariff is scheduled to go into effect on April 2. Implementation of this unilateral move has led to rapid and widespread backlash among key trading partners, with Japan already seeking an exemption. As traders continue to digest these announcements, the evolving foreign exchange landscape remains a dynamic and uncertain place.
USD Performance and Key Currency Movements
USD finished the week mixed against major currencies, reflected in the table below. Though it faltered on Thursday, USD/JPY did close higher on Wednesday after Tuesday’s severe crashes. The pair stayed above or right around the 150.50 mark in the European morning session.
On Thursday’s Asian session, EUR/USD plummeted to touch its lowest in two weeks under 1.0730. That said, during European trading hours the company staged a remarkable comeback. Despite this, it has recently traded back below 1.0800, keeping its recovery from recent three-week lows intact. These trends are indicative of the broader market’s response to economic uncertainty and ongoing changes in trade policy.
Table: USD Percentage Change Against Major Currencies
| Currency Pair | Percentage Change ||