Will tariff turmoil drive NZ interest rates lower still?
- Global markets were in turmoil on April 7, 2025, due to Trump's tariffs.
- Sweeping tariffs imposed by U.S. President Trump escalated fears of a global recession.
- Investors sought safe-haven assets, selling riskier ones like the Australian dollar.
- Brent Donnelly stated, "The big theme has been selling USD/JPY because U.S. Yields tanked."
- The yen and Swiss franc gained as the dollar weakened, with the euro also rising.
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Tariff turmoil boosts Swiss franc, pressuring SNB to move closer to negative rates
ZURICH : Market turmoil unleashed by U.S. trade tariffs has boosted the Swiss franc, piling pressure on the country's export-oriented economy and potentially pushing the Swiss National Bank closer to negative interest rates with inflation near zero.Since U.S. President Donald Trump last week shocked world
·Singapore
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