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February 2, 2025
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Bloomberg: Markets Look to Extend Dollar’s Gains as Trump Carries Through Threat to Start Trade War

“We expect selling pressure to hit the peso and Canadian dollar at tomorrow’s Asia open, but it’s difficult to assess just how severe the move will be,” said Karl Schamotta, chief market strategist at Corpay in Toronto. “Financial markets may undergo a painful adjustment process in the coming weeks as participants begin to take the president seriously and literally.” Bloomberg: Markets Look to Extend Dollar’s Gains as Trump Carries Through Threat to Start Trade War