MUFG analyst says dollar may shrug off latest U.S. trade uncertainty in the near term

According to a report cited by Jin10, Mitsubishi UFJ Financial Group (MUFG) analyst Derek Halpenny said the U.S. dollar may avoid any clear hit from the latest round of U.S. trade uncertainty in the near term. In his view, the impact of Donald Trump’s new tariff plan on exchange rates should be limited. He added that current market expectations for U.S. rate hikes, along with elevated Middle East risks, are still offering the dollar some support. Halpenny also flagged a downside scenario: if trade uncertainty worsens, investors could begin selling the dollar on concerns about policy unpredictability and potential damage to the U.S. economy. The remarks focus on the currency impact of trade policy rather than broader crypto market moves, and were attributed in the source to a MUFG research report.