Wells Fargo: Remain cautious in response to tariff policy-related news and be wary of non-Trump direct statements

ChainCatcher news, according to Jin Shi reports, Wells Fargo stated that some positive sentiment is emerging around the prospects of a tariff compromise, but caution is still needed.

Wells Fargo's New York strategist Kenn Brendan McKenna said, "I have come to realize that any statements not directly from Trump should not be traded or believed immediately, so so far, I will still show caution and tend to hedge. However, if tariffs are lowered and an agreement is reached, the Canadian dollar and Mexican peso, as well as the entire foreign exchange market, should see some relief rebound."