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Dollar Falls on Worries Over U.S.-Europe Tensions -- Market Talk

Dow Jones01-20 15:41

0741 GMT - The dollar falls on concerns about tensions between the U.S. and Europe over President Trump's desire to take Greenland from Denmark. Trump said at the weekend he would slap 10% tariffs on several European nations from February 1 while the EU is considering retaliatory tariffs. The dollar could stay under pressure in the near term if these tensions encourage foreign investors to increase their still-low protection against the risk of the currency falling, Barclays analysts say in a note. The recent accumulation of dollar long positions--or bets on it rising--also leaves it vulnerable, they say. The DXY dollar index falls 0.5% to 98.886, having reached a one-week low of 98.844 earlier. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

January 20, 2026 02:41 ET (07:41 GMT)

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