04.02.2025: Trump’s “friendly negotiations” drive USD up. Outlook for USD, EUR/USD, Brent, RUB
So, the US trade conflict with Mexico and Canada is temporarily suspended. According to the cynical definition of the US president, this happened after his "friendly conversation" with Mexican leader Claudia Sheinbaum.
As we expected yesterday, Donald Trump’s executive orders on tariffs were primarily aimed at forcing negotiations. The 30-day deadline was also set with this goal in mind. There is no doubt that this drama is far from over, and a sequel is inevitable.
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00:00 INTRO
00:34 FRS
01:19 DONALD TRUMP
01:37 USDX
02:23 DONALD TRUMP
03:06 DEUTSCHE BANK
03:37 EUR | USD
04:37 BRENT
05:55 USD | RUB