Currency Markets React to New Tariff Threats by Trump

News Snapshot:

The euro dipped to a three-week low following President Donald Trump's announcement of a 30% tariff on imports from Europe and Mexico, starting August 1. This measure, revealed on his Truth Social platform, was denounced by both the European Union and Mexico as unfair and disruptive. Despite the criticism, market reactions were muted in the early Asian session, with the euro trading 0.15% lower at $1.1675, and the dollar posting gains against the Mexican peso. Despite Trump's headline-grabbing tariff threats, U.S. stocks continued to climb to record highs, indicating investor desensitization to the ongoing trade drama. Taylor Nugent, a senior...