Wells Fargo: Be cautious in responding to news related to tariff policies, wary of non Trump direct remarks

According to BlockBeats, on March 5th, Wells Fargo stated that some positive sentiment surrounding the prospect of tariff compromise is emerging, but caution is needed. Kenn Brendan McKenna, a strategist at Wells Fargo in New York, said, "I have realized that I should not immediately trade or believe anything that is not directly from Trump, so so so far, I will still show caution and lean towards safe haven. But if tariffs are lowered and an agreement is reached, there should be some pressure relief rebound in the Canadian dollar, Mexican peso, and the entire foreign exchange market Previously, the US Secretary of Commerce stated that he believed Trump would compromise with Mexico on tariffs or announce reductions tomorrow. (Golden Ten)