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DBS Bank: Tariffs will further boost the US dollar
Golden Finance reported that DBS Bank’s forex and credit strategist Chang Wei Liang said that if Trump’s latest tariff threat becomes a reality, the dollar may strengthen further. However, Chang pointed out that the depreciation of the Canadian dollar and Mexican peso is not significantly greater than other currencies. ‘Trump’s inconsistent messages on the timing and conditions of tariff implementation make the market less willing to actively respond to these threats,’ he said.