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US: Tariff reset shapes Dollar outlook – NBC
National Bank of Canada’s (NBC) Angelo Katsoras and Jocelyn Paquet analyze how the Supreme Court ruling and subsequent White House response reshape US trade policy. They note the effective tariff rate briefly fell before a new 15% Section 122 tariff restored most of the prior burden.
Fxstreet
Mon, Feb 23
Germany: Survey divergence clouds growth signals – Deutsche Bank
Deutsche Bank Research economists Robin Winkler and Marc Schattenberg analyse conflicting German business surveys, noting that PMI points to a cyclical expansion while Ifo expectations still imply weakness. They find Ifo’s historical lead over PMI is mainly in manufacturing.Fxstreet
Mon, Feb 23
US: New 15% global tariff reshapes landscape – Commerzbank
Commerzbank’s Economic Research team, led by Dr. Vincent Stamer, outlines how US trade policy is shifting after the Supreme Court ruling on earlier Trump tariffs. The new 15% global tariff is based on Section 122 of the Trade Act of 1974, interacts with MFN duties and sectoral tariffs.Fxstreet
Mon, Feb 23
BoE’s Taylor: Proceeding towards inflation normalisation at a reasonable pace
Bank of England (BoE) Monetary Policy Committee (MPC) member Alan Taylor said in a fireside chat at Deutsche Bank in London during European trading hours on Monday that the United Kingdom (UK) services inflation has cooled down at a moderate pace than what he hoped.Fxstreet
Mon, Feb 23
US Treasuries: Bonds working again as shock absorber – HSBC
HSBC Asset Management highlights that recent US Treasury moves look counterintuitive, with stronger US data but lower 10-year yields near the bottom of their 12‑month range. The bank links this to stress in risk assets and renewed demand for havens.
Fxstreet
Mon, Feb 23
EU: Tariff uncertainty returns with new US measures – Commerzbank
Commerzbank’s Dr. Vincent Stamer analyses how new US tariffs under President Trump affect exporters from Europe. Following a Supreme Court ruling against earlier measures, a new 15% global tariff for 150 days has been announced.Fxstreet
Mon, Feb 23
US: Supreme Court ruling reshapes trade tools – NBC
National Bank of Canada's Ethan Currie highlights that the U.S. Supreme Court’s decision striking down IEEPA‑based tariffs will halve the average effective tariff rate, but they stress the White House still has ample tools to keep tariffs high.Fxstreet
Mon, Feb 23
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