USD_CNY

#FX #USD_CNY #TradeWar
Following President Trump's announcement of raising tariffs on Chinese imports by up to 145%, the currency markets experienced clear reactions reflecting concerns over a slowdown in global trade and increased inflationary pressure. Below is a brief analysis of the main impacts and affected currencies:

-Impact of tariffs on the US dollar

Initial dollar weakness: Upon announcement, the US dollar index fell, with some capital flowing towards safe havens like gold and the Swiss franc.

Subsequent rebound: As investors realized that Trump's tariffs could lead to an economic slowdown in China, the dollar rose again as a safe-haven currency.

-Impact of tariffs on the Chinese yuan (CNY)

Downward pressure: The yuan fell to 7.28 against the dollar, with expectations of increased pressure to exceed 7.30 by the end of 2025.

-Safe-haven currencies

Swiss franc (CHF): Increased by 0.5% as investors sought safety amid rising trade tensions.

Japanese yen (JPY): Volatile movement, as the strength of the dollar against the yen in the bullish periods of the tariffs was reinforced, but it temporarily fell amid global recession fears.

-Summary
Trump's announcement of raising tariffs on China led to:
Downward pressures on Asian emerging market currencies.
Volatility in the USD/CNY and USD/KRW pairs.
Rising safe-haven currencies like the Swiss franc and Japanese yen.