Market analysis: Trump's planned call could ease market concerns about tariffs
U.S. President Donald Trump plans to speak by phone with Canada and Mexico on Monday, which could calm market concerns about tariffs, XTB's Kathleen Brooks said in a note. "[The calls] could give some hope for a deal, if not now, in the future," Brooks said. The prospect of a call could keep traders optimistic, she said. The Canadian dollar and Mexican peso remain weak, but have recovered from earlier multi-year lows. However, some analysts have warned that those hopes could be dashed. Analysts at ING said in a note that (Trump's) "last-minute tariff reduction" seems unlikely. (Kim Ten)