U.S. Dollar Spikes on Fresh Trump Tariff Comments

The dollar quickly regains strength as Trump re-equips his tariff threats

Highlights

• The dollar quickly regains strength as Trump re-equips his tariff threats

• Semiconductors experience their biggest selloff since COVID-19

• Tight credit conditions remain an issue for the euro area

• Canada's economic slack is bullish for GoC bonds (but is bearish for the loonie)