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May 30, 2025 13 mins

Following another week of debate over President Trump’s trade tariffs, Derek Halpenny, Head of Research for Global Markets EMEA and International Securities, speaks with Shan Husain from FI FX Sales about the latest developments. They discuss legal uncertainties around reciprocal tariffs, the impact on the US dollar, and concerns about confidence in US assets. Derek also looks ahead to next week’s ECB meeting and growing sentiment in Europe that the euro could strengthen its role as a global reserve currency amid doubts about the dollar.

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