Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

14 Feb 2025

Dollar Retreats as ‘Tariff Exhaustion’ Kicks In, and Retail Sales Slump

The dollar is trading near a two-month low this morning after Donald Trump delivered a long-threatened “reciprocal” tariff plan that was distinctly short on tradeable detail. In an extensively-teased announcement from the Oval Office, the president signed a memo directing federal agencies to investigate raising import taxes on shipments from countries with “unfair” economic barriers in place against US exports—things like tariffs, regulations, subsidies, manipulated exchange rates, and domestic value-added taxes—but stopped short of imposing any deadlines or naming the product categories and countries that could be targeted. “On trade, I have decided, for purposes of fairness, that I will...

Read More Read More

Data and information on this website is provided “as is” and for informational purposes only. Information on the website does not bind Corpay in any way; nor is it not intended as advice, a recommendation or an offer or solicitation for the purchase or sale of any financial products. Data and other information are not warranted as to completeness or accuracy and are subject to change without notice. All charts or graphs are from publicly available sources, or our proprietary data. Nothing in this material should be construed as investment, financial, tax, legal, accounting, regulatory or other advice or as creating a fiduciary relationship. Corpay disclaims any responsibility or liability to the fullest extent permitted by applicable law, for any loss or damage arising from any reliance on our use of the data in any way. You should contact your Corpay sales representative for clarification on the range of financial instruments available in your jurisdiction. Copyright Cambridge Mercantile Corp. 2022.