Greenback Threatened

Forex News
The greenback found itself on crossroads, as the odds for March rate hike are increasing each day, but at the same time the US might be facing a trade war. Last week, dollar was trading as the strongest currency, boosted by Jerome Powell’s optimistic view at the economy. But now it’s overshadowed by Japanese yen and euro as Donald Trump decided to impose a 25% tariff on steel and 10% tariff on aluminum, which was strongly opposed and critiqued by European officials and threatened to unfold a trade war. Loonie, Aussie and Sterling, on the other hand, are the softest.