Wells Fargo: Be cautious about news related to tariff policy and be wary of non-Trump direct remarks "
Internet reports that Wells Fargo said that some positive emotions are emerging around the prospect of a tariff compromise, but vigilance is needed. Kenn Brendan McKenna, strategist at Wells Fargo Bank in New York, said,"I have realized that anything that is not directly from Trump should not be traded or believed immediately, so so far, I will still be cautious and inclined to risk aversion. But if tariffs are reduced and an agreement is reached, there should be some relief rebound in the Canadian dollar and Mexican peso, as well as in the entire foreign exchange market." Earlier, the U.S. Commerce Secretary said he believed Trump would compromise with Canada and Mexico on tariffs or announce a reduction tomorrow. (Jin Shi)
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