Mitsubishi UFJ: The exchange rate trend indicates that the market feels "too good" about Trump's tariffs.

Jin10 data reported on April 2, Mitsubishi UFJ analyst Derek Halpenny stated that the performance of risk-sensitive currencies such as the Canadian dollar, Australian dollar, Norwegian krone, and Swedish krona indicates that the market is complacent about U.S. tariffs. These currencies performed better than others on Tuesday, which hardly reflects concerns about tariffs and the rising risk of global trade disruptions. We believe that financial markets are underestimating the scale of tariff actions. If the U.S. launches a more aggressive tariff plan than the market fears, riskier currencies may fall.

TRUMP-1.1%
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