The tariff chaos will likely help the Euro end the week above the 1.1000 mark [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Yesterday saw the worst selloff since pandemic. Equities tumbled, US dollar tanked, treasury yields melted, and crude oil dived.

The tariff chaos will likely help the euro end the week above the 1.10 mark and sterling above 1.30 against the US dollar. And gains could be sustainable as nations look willing to retaliate.

More interestingly, parallels with pandemic-era supply chain disruptions become apparent as we try to analyse the potential impact of tariffs on world economy and central bank responses. Opinions for Europe are dovish but the Fed expectations diverge.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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