Trade discussions hinder dollar performance – CIBC

Friction over trade tariffs and tightening of QE will be the challenges for G10 in the months ahead

Dollar weakness: CIBC expects the dollar to underperform against the euro, yen and Swiss franc under worst-case trade assumptions


Trade discussions between the US and its major counterparties, as well as potential retaliatory measures to the recently imposed tariffs on steel and aluminium imports, will drive the dollar’s performance, says Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets.

US President Donald Trump’s plans to impose tariffs on steel and aluminium imports and the resignation of his economic adviser, Gary Cohn, have sparked market jitters and dollar weakness over

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