FX Traders Look for Pain Points After Trump Escalates Trade Tension

U.S. President Donald Trump’s decision to slap tariffs on steel and aluminum imports has traders assessing which currencies have the most to lose.

While it’s still early, analysts in the $5.1-trillion-a-day foreign-exchange market are watching to see how the U.S.’s trading partners respond, particularly China. The European Union has already said it will react to the tariffs with countermeasures.