Dollar Faces Pressure From Trump’s Fresh Tariff Threat to Europe

The dollar faces fresh headwinds as President Donald Trump weighs tariffs on European nations tied to his plan to acquire Greenland, raising uncertainties over US policies, according to analysts.

The Bloomberg Dollar Spot Index fell 0.1% in Asia after Trump a 10% tariff on European allies supporting Denmark’s hold on Greenland. Treasury futures traded mixed with cash markets closed for a US holiday.

European currencies found support, with the Swiss franc outperforming its Group-of-10 peers on increased demand for haven assets. The euro rose from the lowest level in almost two months.

Here’s what analysts are saying:

David Forrester , a senior strategist at Credit Agricole CIB in Singapore:

Chris Weston , head of research at Pepperstone Group Ltd.:

Richard Franulovich , head of FX strategy at Westpac Banking Corp.:

Mingze Wu , currency trader at StoneX in Singapore:

Hikaru Tanaka , fund manager at Asset Management One in Tokyo: