Mitsubishi UFJ: The dollar will not be affected by trade uncertainties in the short term

According to Jinshi reports, Mitsubishi UFJ Bank analyst Derek Halpenny stated in a report that the dollar may not be significantly affected by the latest round of trade uncertainties in the U.S. in the short term. He pointed out that the impact of Trump's new tariff plan on exchange rates should be limited.

Currently, the market expects the U.S. to raise interest rates and the risks in the Middle East are high, providing some support for the dollar. However, if trade uncertainties escalate, investors' concerns about policy unpredictability and damage to the U.S. economy may lead to a sell-off of the dollar.